Wednesday, 19 September 2018

Sainsbury's-Asda £15bn deal faces investigation

The £15bn merger between supermarkets Sainsbury's and Asda is to be subjected to an in-depth competition investigation, it has been announced.

The Competition and Markets Authority said the deal "raises sufficient concerns to be referred for a more in-depth review".

The CMA undertook an initial review of the deal, which would create a business taking £1 in every £3 spent on groceries.

The chains say prices will fall.

But the CMA said: "The companies are two of the largest grocery retailers in the UK and their stores overlap in hundreds of local areas, where shoppers could face higher prices or worse quality of service."

BBC     News.

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