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Competition Authority Clears Sainsbury's Acquisition Of Home Retail Group

Published on Jul 22 2016 1:00 PM in Retail tagged: Featured Post / Sainsburys / Argos / Home Retail Group

Competition Authority Clears Sainsbury's Acquisition Of Home Retail Group

The UK's Competition and Markets Authority has cleared Sainsbury's acquisition of Argos parent Home Retail Group.

In a statement, Home Retail Group said that it 'welcomed today's announcement by the CMA that it has unconditionally cleared the Acquisition following its Phase 1 investigation'.

Commenting on the move, Barclays European Retail Equity Research, "We doubt this will come as a big surprise to many investors as the proposed deal did not seem to raise obvious conflicts."

The completion of the deal remains subject to FCA and Home Retail shareholder approval.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.

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