£7bn Asda-Sainsbury’s merger blocked
The Competition and Markets Authority has quashed hopes of a merger between supermarket giants Asda and rival Sainsbury's.
In a report released today, the CMA said that the buyout by Sainsbury's would lead to increased prices, in-store, online and at petrol stations. It said there would be reductions in the quality and range of products available, and a poorer overall shopping experience if the merger were allowed to go ahead.
The CMA concluded that there would be a "substantial" lessening of competition across the UK as well as... 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...