Sainsbury’s shares increased again today (6 February) after a second potential bidder was rumoured to be interested in acquiring the UK chain.
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An investment group made up of equity firms Cinven and Texas Pacific Group has been linked to a fresh offer, just days after a consortium of CVC, KKR and Blackstone said it was assessing Sainsbury’s.
“There have been preliminary discussions between Cinven and TPG since Saturday morning,” an unnamed source told UK newspaper The Times.
Cinven refused to comment when contacted by just-food today.
Shares in the company were up approximately 1%, or five pence, at midday to reach 414.5 pence on the London Stock exchange.
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