Wednesday, February 20, 2019

Sainsbury's-Asda merger in doubt over 'extensive competition concerns'

Supermarkets will continue to press case after ‘fundamentally flawed’ CMA analysis

The merger between Sainsbury’s and Asda has been thrown into serious doubt after Britain’s competition watchdog raised a catalogue of concerns, including higher prices, reduced quality and choice for customers.

In a provisional verdict on the planned £10bn merger, the Competition and Markets Authority said: “The CMA has provisionally found extensive competition concerns as part of its in-depth investigation of the proposed merger between Sainsbury’s and Asda.”

Related: Sainsbury's-Asda merger in doubt amid price rise concerns – business live

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from Mergers and acquisitions | The Guardian https://ift.tt/2SKtCFX

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