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Qatar Holding LLC on Tuesday said it plans to sell around £272 million worth shares in London-based grocer J Sainsbury PLC. Qatar Holding, founded in 2006 by the Qatar Investment Authority, invests internationally and locally in strategic private and public equity as well as in other direct investments. On Tuesday, Qatar Holding said it intends to sell 83.6 million shares in Sainsbury to institutional investors, reducing its interest from the current 10.5%. At Tuesday’s closing Sainsbury share price of 325.20 pence, the sale is worth around £272.2 million. In addition, JPMorgan Securities PLC is planning to sell a further around 14 million Sainsbury’s shares in a related hedging transaction for Qatar Holding, taking the total placing to about 97.5 million shares. The price per share and the final number of shares to be placed will be determined by way of an accelerated bookbuilding process to institutional investors to be run by JPMorgan. Qatar Holding is currently the largest shareholder in Sainsbury, according to the FTSE 100-listed company’s website. But the share sale will see it overtaken by Vesa Equity Investment Sarl, run by Czech billionaire Daniel Kretinsky. Vesa currently has a 10% stake in Sainsbury. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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