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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