Czech billionaire ups stake in Sainsbury’s

Sainsburys

Czech billionaire Daniel Kretinsky has taken a major stake in Sainsbury’s, making him the fouth largest shareholder.

The billionaire investor, who is also a major shareholder in Royal Mail, now holds a 3.05% stake in the UK supermarket.

Kretinsky’s investment vehicle VESA Equity Investment disclosed its stake on Thursday and sent Sainsbury’s shares more than 3% higher. 

At Wednesday’s closing share price, Kretinsky’s 3.05% stake was worth £125m.

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