Investors will focus heavily on J Sainsbury today after it became known that an American private equity firm is considering a takeover of the UK’s second largest supermarket chain.

Apollo is set to take control of the grocer, Sunday reported Times, amid M&A’s growing interest in the industry.

The $ 88 billion company.

Since a takeover battle for Morrisons erupted this summer, there has been speculation that Sainsbury’s may be interested.