UK Regulator Accepts Undertakings for Asda Takeover
June 16 2021 - 7:23AM
Dow Jones News
By Jaime Llinares Taboada
The U.K. Competition and Markets Authority said Wednedsay that
it has accepted undertakings from the Issa Brothers and TDR Capital
LLP for the acquisition of U.K. grocer Asda Group.
The British regulator said that, as a result, the transaction
won't be referred to an in-depth Phase 2 investigation.
The CMA had said in April that the 6.8 billion-pound ($9.58
billion) acquisition of Asda from Walmart Inc. could lead to higher
petrol prices in some parts of the U.K.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 16, 2021 07:10 ET (11:10 GMT)
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