CMA Considering Investigation Into Proposed Sainsbury-Asda Merger

Date : 05/18/2018 @ 2:51AM
Source : Dow Jones News
Stock : Walmart Inc. (WMT)
Quote : 97.8  0.66 (0.68%) @ 12:06AM

CMA Considering Investigation Into Proposed Sainsbury-Asda Merger

Sainsbury (LSE:SBRY)
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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).


Write to Maryam Cockar at


(END) Dow Jones Newswires

May 18, 2018 02:36 ET (06:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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