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 ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...