Sainsburys tipped as takeover target

Emma Woollacott
16,000 jobs in store at Sainsbury's
16,000 jobs in store at Sainsbury's

Sainsburys could be a prime target for a takeover next year, UBS analysts predict, with Qatar's sovereign wealth fund the most likely suitor.

The Qatari Investment Authority (QIA) is already the biggest shareholder in the supermarket chain, with a 26% stake, and is now being tipped to try and acquire the rest.

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