Bestway buys stake in Sainsbury’s

2023-01-31 15:00

British grocery wholesaler and Costcutter owner Bestway Group has bought a 3.45% stake in the UK’s second-largest supermarket, Sainsbury’s.

In an announcement on Friday (27 January), Bestway said it plans to hold its newly-acquired 80.8m Sainsbury’s shares – valued at £193m – for investment purposes, and confirmed that it is not considering a takeover bid for

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