J Sainsbury, Britain's third biggest supermarket, said Wednesday it had received a takeover approach from a Qatari investment group.
"J Sainsbury plc confirms it has received a preliminary approach from Delta Two Limited, which may or may not lead to an offer being made for Sainsbury’s," said a statement to the London Stock Exchange.
Delta Two already owns 25 percent of J Sainsbury.
According to the Financial Times, Delta has offered 610 pence per share, or about 12 billion pounds (17.8 billion euros, 24.6 billion dollars) for the group.
Three months ago, J Sainsbury snubbed a consortium takeover bid, said to be worth about 10.1 billion pounds, from private equity groups Blackstone, CVC and Texas Pacific Group.
"J Sainsbury plc confirms it has received a preliminary approach from Delta Two Limited, which may or may not lead to an offer being made for Sainsbury’s," said a statement to the London Stock Exchange.
Delta Two already owns 25 percent of J Sainsbury.
According to the Financial Times, Delta has offered 610 pence per share, or about 12 billion pounds (17.8 billion euros, 24.6 billion dollars) for the group.
Three months ago, J Sainsbury snubbed a consortium takeover bid, said to be worth about 10.1 billion pounds, from private equity groups Blackstone, CVC and Texas Pacific Group.
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