Sainsbury’s and Asda claim merger to deliver £1bn price cuts
Sainsbury's and Asda have claimed that their proposed merger would result in £1bn of price cuts annually if the deal was to go ahead.
This announcement is in response to the competition watchdog CMA finding “extensive competition concerns” in the Asda-Sainsbury’s multi-billion pound merger. Last month, the CMA’s provisional report said that these concerns can only be addressed by either blocking the deal or requiring the supermarkets to sell stores.
Sainsbury's and Leeds-headquartered Asda have now come forward to say ... For the full story register now for free or login below...