Tuesday, July 24, 2007

Royal corporation

"Delta Two, the investment fund owned by the Qatari royal family has indicated it plans to invest over £3billion in the business, massively expanding the company in the UK, creating thousands of new jobs and expanding overseas. This would almost certainly lead to increased demand for seafood along with all other types of food and produce.

The Sainsbury board, chaired by Sir Philip Hampton, yesterday confirmed it had received a preliminary approach and was in discussions with Delta. The two parties are expected to meet in the next few days to clarify the extremely detailed proposal.

It is understood the Qatari's plan is to expand the Sainsbury's brand overseas, opening stores in the Middle East, Korea and China, where the Qatar government has strong links."

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