Bestway’s shareholding in Sainsbury’s has surpassed 5% for the first time, according to recent investor filings.
A notice published on 2 August showed the wholesaler and symbol group operator had purchased the holding of 5.01%. It marks the latest in several share increases since the wholesaler acquired a 3.45% stake in the top-four supermarket in January 2023.
Bestway acquires shares in Sainsbury’s
Bestway remains Sainsbury’s fifth largest shareholder.
When Bestway had first acquired shares in Sainsbury’s, the supermarket stressed it was “not considering an offer for the company.”
Bestway has been approached for comment
