Investment fund stacks up 25% Sainsbury's share

A Qatari-backed investment fund tightened its grip on Sainsbury’s today after revealing it now owned 25% of the supermarket chain.

Delta Two paid £732m (€1.08m) for another 7% of the blue-chip company, at a price 13p-a-share higher than the 582p a share reportedly offered by a private equity consortium in a failed £10bn (€14.8bn) takeover attempt in April.