Delta Two, the Qatari-backed investment fund seeking to take over Sainsbury's, has been given until 8 November to finalise its bid for the UK supermarket chain after informing the company it is seeking an additional £500 mln (EUR 713 mln) of equity financing to fund its offer.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
