Sainsbury's price must add £300m for deficit

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PRIVATE equity firms bidding for Sainsbury's will have to pump at least £300m into the supermarket giant's pension scheme in order to get trustee approval.

The firm – which is currently being stalked by a consortium of private equity firms including CVC Capital Partners, Kohlberg Kravis Roberts and Blackstone Group – had a net pension deficit of £431m...

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