VOL. XLI

No. 50

14-December-1998

BAHRAIN

Investcorp Sells Star Markets To J. Sainsbury For$490Mn

Bahrain-based Investcorp announced on 26 November that it had sold StarMarkets Holdings, comprising "all of the issued and outstanding capitalstockincluding the assumption of debt," to J. Sainsbury of the UK for $490mn ina transaction expected to close early in the new year. US-based Star Markets Company Inc.operates 25 supermarkets and 24 superstores in Greater Boston and Cape Cod in addition tofour...