(Bloomberg) — J Sainsbury Plc shares fell after its biggest stockholder, the Qatar Investment Authority, sold a £268.8 million ($351.4 million) stake in Britain’s second-largest grocer overnight.
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The gas-rich country’s sovereign wealth fund sold 96 million shares at 280 pence each, 2.8% below the closing price Thursday, according to terms seen by Bloomberg News. Goldman Sachs Group Inc., which arranged the…
