Vesa acquires a share in Sainsbury´s

18. 9. 2020

Vesa Equity Investment S.à.r.l. (Vesa) announces the acquisition 3,05% share in Sainsbury´s, becoming its fourth largest shareholder. Sainsbury´s is the second largest chain of supermarkets in the United Kingdom founded in 1869, employing more than 171,000 people.

„The segment of food retail distribution has been one of the key areas of interest for Vesa Equity Investment. We view Sainsbury’s as an attractive investment opportunity for the long-run even against the backdrop of the highly competitive UK grocery market. Sainsbury’s is a strong traditional brand with good locations concentrated in the South East of England, including London, and an attractive convenience as well as online food delivery proposition for its customers,“ said Branislav Miškovič, Investment Director of Vesa Equity Investment.

Vesa is owned by two investors Patrik Tkáč (47%) and Daniel Křetínský (53%). In September 2019, Vesa became a significant shareholder in Casino Guichard-Perrachon SA, and in May 2020, announced its entry into the British company Royal Mail and the American retail chain Macy´s.