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By Maryam Cockar
The U.K. competition watchdog said Friday that it is considering investigating the proposed merger between J Sainsbury PLC (SBRY.LN) and Walmart Inc's (WMT) British arm, Asda Group Ltd.
The Competition & Markets Authority said it will consider whether the proposed merger will "result in a substantial lessening of competition within any market or markets" in the U.K. for goods or services.
The CMA said it is issuing a preliminary invitation to comment, asking interested parties to submit views on the impact that the proposed merger could have on competition in the U.K.
Walmart on April 30 said it would sell its U.K. supermarket chain Asda to Sainsbury, in a deal that values Asda at about $7.3 billion pounds ($9.87 billion).
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(END) Dow Jones Newswires
May 18, 2018 02:36 ET (06:36 GMT)
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