Sainsburys thrust back into takeover spotlight

Supermarket giant Sainsbury’s is understood to be eyeing a sale of its pension scheme in a move set to thrust the group back into the takeover spotlight, a report said today.

The retail chain’s multi-billion pension fund was believed to be behind the collapse of last year’s £10.6bn (€13.4bn) takeover proposal from its Qatari-backed suitor Delta Two, after failure to agree a funding deal with the pension scheme trustees.