Talks between Qatari investment group Delta Two and the pension trustees of Sainsbury’s, aimed at clearing the way for Delta Two’s GBP10.6bn (US$21.66bn) acquisition of the supermarket chain, are still continuing, but no agreement has yet been reached, according to a report on Dow Jones Newswires.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The Dow Jones report quoted a source familiar with the negotiations.


The UK newspaper The Sunday Express reported on Sunday (14 Oct) that Delta Two had agreed a GBP1.5bn security package for the company’s pension scheme with the trustees, with GBP600m being paid up front in cash.
 
Observers believe that an agreement with the pension trustees is the last hurdle Delta Two will have to tackle to seal its takeover of the UK’s third largest food retailer.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now