William Malcolm

Vesa Ups Stainsbury’s Stake To 10%

The investment company Vesa Equity Investment of the Czech billionaire Daniel Křetínský and the Slovak investor Patrik Tkáč increased its share in the British supermarket chain Sainsbury’s to 9.99 percent. According to company spokesman Daniel Častvaj. Last September, the company announced that it had acquired a 3.05 percent stake in Sainsbury’s.

According to Vesa Equity Investment, Monday’s purchase of additional shares of the British company confirms its interest in acquiring strategic minority stakes in publicly traded companies operating in the field of food retail.

“We continue to see Sainsbury’s as an attractive investment opportunity,” said Vesa. “We are pleased to be able to be associated with a strong and reputable brand,” she added. She also expressed support for Sainsbury’s current management strategy.

Křetínský is one of the wealthiest Czechs. Last week, Forbes magazine estimated his assets’ value at 4.1 billion dollars (about 89 billion crowns). Křetínský is also a co-owner of the Czech News Center publishing house.