Qatar Investment Authority, the supermarket’s largest shareholder, is thought to be uneasy at its stake being diluted
Sainsbury’s has tried to allay fears that its largest shareholder could be prepared to block a £1bn bid for Home Retail Group.
The supermarket, which has until 2 February to make a new offer for the owner of Argos and Homebase after a first bid was rejected last month, said the Qatar Investment Authority (QIA) had not taken any position on the proposed £1bn-plus Home Retail Group transaction.
Related: Home Retail Group offer is a headache Sainsbury's doesn't need
Related: Thousands of Argos jobs at risk if Sainsbury's deal is struck
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