Sainsbury’s shares rise after Czech billionaire snaps up major stake

// Major Sainsbury’s stake snapped up by Czech billionaire
// Businessman Daniel Kretinsky now holds a 3.05% stake
// Sainsbury’s shares rose by more than 3% following the purchaseSainsbury’s has seen a Czech investor snap up a major stake in the business, making him the fourth largest shareholder.
Billionaire businessman Daniel Kretinsky now holds a 3.05 per cent stake worth £125 million in the Big 4 grocer.
He is also a major shareholder in the Royal Mail.READ MORE:Sain