Get the app today! Download iPhone App Download Android App

UK Lawmakers Seek Answers From Regulator On Sainsbury's/Asda Probe

Published on May 3 2018 3:49 PM in Retail tagged: Trending Posts / Sainsburys / CMA / Government / Asda / Competition / Committee

UK Lawmakers Seek Answers From Regulator On Sainsbury's/Asda Probe

British lawmakers said on Thursday they were seeking information from Britain's competition regulator regarding concerns over Sainsbury's' proposed 7.3 billion pounds takeover of Walmart owned rival Asda.

In a letter to the Competition and Markets Authority (CMA) the chairs of two parliamentary committees said their members had concerns over the impact the deal would have on the grocery supply chain.

This is particularly the case as the new business, combining the No. 2 and No. 3 players, and current market leader Tesco would dominate the market.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share on Tumblr Share via Email