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J Sainsbury is also planning to raise GBP190 million through an issue of convertible bonds due 2014.
Morgan Stanley & Co., International and UBS Limited are acting as joint bookrunners for the placement.
Deal Value (US$ Million) 417.29 Deal Type Private Placement Sub-Category None Deal Status Announced: 2009-06-17
Deal Participants
Target (Company) J Sainsbury plc Acquirer (Company) Undisclosed Investors
Deal Rationale
J Sainsbury would use the proceeds from the placement to acquire additional freehold and long leasehold sites to open more new stores and to further develop the pipeline of future store openings; speed up the development of the store estate; and to continue the accelerated growth plans for the convenience estate..
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