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Evening Standard
Evening Standard
Business
Holly Williams

Sainsbury’s shares fall as Qatar ends near-20 year spell as biggest investor

Sainsbury Qatar Argos

Supermarket Sainsbury’s has seen its shares sink lower after its long-standing largest shareholder sold down its stake in the supermarket, ending nearly 20 years as its top investor.

Shares in the FTSE 100 firm dropped 4% in Wednesday trading after Qatar’s sovereign wealth fund said it planned to cut its stake by nearly 4%, down from 10.5% currently to 6.8%.

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