UK - Sainsbury's consortium under pressure to make formal bid
The CVC-led consortium considering a bid for the UK's third largest supermarket chain, Sainsbury's, is under pressure to announce a formal bid before the Easter weekend. Together CVC, KKR and TPG have been looking at the asset since February and have been given until 13 April to formalise their interest which is anticipated to weigh in at over £11bn.
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