Delta Two, the Qatari-backed investment fund, has pulled out of its talks to buy Sainsbury's. Back in July the fund announced that it was in discussions with the supermarket group about the possibility of them making a cash offer to acquire the 75% of the ordinary share capital it did not already own. At the end of last month the UK's Takeover Panel set a deadline of 8 November for Delta Two to finalise its bid after it had announced it was seeking an additional £500 mln (EUR 713 mln) of equity financing to fund its offer.
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