Czech billionaire Daniel Kretinsky is the fourth largest Sainsbury shareholder, expanding a portfolio of retail investments, says Reuters.
The stake is held by Kretinsky’s VESA Equity Investment.
VESA’s portfolio also includes stakes in U.S. retailer Foot Locker. It took a 5% stake in department store chain Macy’s in May but reduced it shortly after and now holds 0.67%.
Also, VESA raised its stake in French retailer Casino CASP.PA in March to 6.88% and is the biggest shareholder in Britain’s Royal Mail, with a 13.1% share.
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