CVC, QIA and Brookfield drop secret bid plan for Sainsbury: Reuters

CVC Capital Partners, Qatar's QIA and Canada's Brookfield Asset Management have abandoned a secret plan to bid for British supermarket group J.Sainsbury plc, Reuters reported, citing a story by Sky News. Sky said the trio had dropped a planned takeover, hatched in the autumn, after Sainsbury's made a 1.4 billion pound (US$2 billion) bid for Home Retail Group, the owner of Argos.

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