Qatar ends reign as Sainsbury’s biggest investor

Sainsbury’s shares have sunk as Qatar’s sovereign wealth fund ends its spell as the supermarket’s largest investor.
The sovereign wealth fund said that it planned to reduce its stake from its current 10.5% to 6.8%.
The move ends the shareholder’s almost 20-year run as Sainsbury’s biggest investor.
The retailer’s shares fell 4% in Wednesday (3 December) trading after the investor revealed its plans.Related Story Co-op opens first ‘on the go’ format