(Reuters) - LONDON, July 24 - Qatar's state investment fund confirmed a former Asda executive could become chairman of J Sainsbury if the fund's potential 10.4 billion pound bid for the supermarket chain succeeds.
Tony Campbell spent around 20 years at Asda -- Britain's second-biggest supermarket chain owned by world leader Wal-Mart -- most recently in the role of deputy chief executive until 2001. Qatar's Delta Two state investment fund, already the biggest shareholder with a 25 percent stake in Sainsbury, Britain's third-biggest supermarket chain, has proposed paying 600 pence per share for Sainsbury, excluding a 7.35p dividend.
Read more at Reuters.com Mergers News
Tony Campbell spent around 20 years at Asda -- Britain's second-biggest supermarket chain owned by world leader Wal-Mart -- most recently in the role of deputy chief executive until 2001. Qatar's Delta Two state investment fund, already the biggest shareholder with a 25 percent stake in Sainsbury, Britain's third-biggest supermarket chain, has proposed paying 600 pence per share for Sainsbury, excluding a 7.35p dividend.
Read more at Reuters.com Mergers News
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