Britain’s competition regulator has confirmed it is investigating the planned merger between Sainsbury’s and Asda.
The Competition and Markets Authority (CMA) announced it was inviting interested parties to comment on the impact of the deal ahead of a formal “phase one” inquiry.
A deal between Sainsbury’s and Asda, currently the second and third biggest UK supermarkets, would create a grocery powerhouse that would overtake Tesco as the market leader. It would have 2,800 stores across the UK, including the Argos business already owned by Sainsbury’s, with combined revenues of US$60 billion.
Full Content: Daily Star
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