Exit strategy: A customer shops at a J Sainsbury. The supermarket chain operator is in advanced talks with New York-based private equity firm Centerbridge over the sale of Sainsbury’s Bank Plc. — Bloomberg
NEW YORK: J Sainsbury Plc could reach a deal to offload its banking services arm to Centerbridge Partners within weeks, according to an unidentified source cited by Sky News.
The British supermarket chain is in advanced talks with the New York-based private equity firm over the sale of Sainsbury’s Bank Plc.
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