Sainsbury's Says Regulator Likely To Demand Store Disposals To Clear Asda Deal
Britain's competition regulator is likely to insist on store disposals to clear Sainsbury's proposed £7.3 billion takeover of rival Asda, its CEO has told lawmakers.
Sainsbury's and Walmart-owned Asda need the Competition and Markets Authority (CMA) to approve their combination without it demanding that they sell off so many stores that it removes the rationale for the deal.
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