‘British supermarket giant Sainsbury for $10 billion in sale’ | Financial

Investors believe in it: the share of the British group founded in 1869 is 16% higher. Sainsbury has 17% of the market.

Apollo Global Management is among the bidders, according to the Sunday Times.

The interest in Sainsbury’s is the latest example of corporate appetite for British companies in sectors such as retail, defense and healthcare, Reuters reports.

Morrisons, Britain’s fourth-largest supermarket chain, is already the target of a takeover battle involving at least two US investors, according to Reuters.

Apollo would like to bid for Salisbury, but also join a consortium led by Fortress Investment Group for a bid for Morrisons.

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