Czech billionaire Daniel Kretinsky has built a 3.05% stake in J Sainsbury to become the UK supermarket group's fourth-largest shareholder.
A regulatory filing on Sept. 17 disclosed the stake held by Kretinsky’s VESA Equity Investment and sent Sainsbury’s shares more than 3% higher. The purchase expands his retail portfolio of retail investments that also includes France's Casino and Germany's Metro.
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