J Sainsbury's, Britain's third-largest supermarket group, is considering selling its pension scheme.
The supermarket chain has gathered quotes from some buyout groups regarding the £2bn final salary scheme.
It was Sainsbury's pension scheme that is believed to have caused Qatar Investment Authority’s (QIA) £10.5bn takeover offer to fail last year. It has been suggested that the supermarket chain will attract more interest if it goes ahead with the pension scheme sale.
Sainsbury's is considering selling the scheme as pension fund costs are increasing due to the increased longevity of members, among other issues.
Sainsbury's pension fund has 85,000 members.
J Sainsbury’s market capitalisation currently stands at £5.39bn.
