By David Parsley2022-09-26T06:46:00
LXi REIT has cancelled its £500m acquisition of 18 Sainsbury stores due to “stock market volatility” just three days after agreeing the deal.
In a statement to the London Stock Exchange, LXi said: “The company has notified Sainsbury’s of its decision not to proceed further with the portfolio purchase or equity funding given the current stock market volatility.”
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