Sainsbury’s braces for bid as American investors circle

Sainsburys Nine Elms outdoor shot

The UK’s second largest grocer Sainsbury’s is reportedly being targeted for a takeover by an American private equity firm, amid mounting mergers & acquisitions in the grocery space.

Investment firm Apollo is running the rule over Sainsbury’s with an eye to making a possible bid in excess of £7bn having missed out on snapping up Asda last year, according to The Sunday Times

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