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Qatar's Barclays sale sparks Sainsbury speculation

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Qatar's Barclays sale sparks Sainsbury speculation

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Qatar’s sovereign wealth fund is to sell a 1.4 billion euro stake in British bank Barclays.

It will make 660 million euro profit and remain Barclays biggest shareholder That has led to speculation it may use the money to make a renewed offer for UK supermarket chain Sainsbury. Qatar owns just over a quarter of Sainsbury. Its previous takeover bid attempt failed in 2007.