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Qatar to up their stake in Sainsburys 16, October 2009

Posted by thegulfblog.com in Qatar.
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The Qatari Investment Authority (QIA) are reported to be about to up their stake in the UK supermarket chain J Sainsburys. News of this potential investment sent Sainsburys shares shooting up 17% despite a similar Qatari bid failing in November 2007 because of the credit crunch. .