£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... For the full story register now for free or login below...