Asda-Sainsbury’s: Regulator blocks Walmart’s plan to sell its UK supermarkets
CNNHong Kong CNN Business — British regulators have derailed a blockbuster merger between two of the country’s biggest supermarket chains. The United Kingdom’s Competition and Markets Authority said on Thursday that it has blocked Walmart’s proposed sale of its British supermarket brand Asda to Sainsbury’s. “It’s our responsibility to protect the millions of people who shop at Sainsbury’s and Asda every week,” said Stuart McIntosh, who led the CMA investigation. “We have concluded that there is no effective way of addressing our concerns, other than to block the merger.” Sainsbury’s said the ruling ignored the “dynamic and highly competitive” nature of the UK market. “The major beneficiaries of this merger would have been the Asda-Sainsbury’s shareholders,” Colley said.
History of this topic
Asda sales shrink as customers switch to supermarket rivals
The Independent
Sainsbury’s and Asda caused ‘harm’ with unlawful land deals blocking rivals
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Supermarket giant to launch Asda Express convenience shops
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Walmart’s UK retreat leaves Asda with new owners, old problems
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Indian-origin billionaire brothers win bid to buy UK supermarket chain Asda
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Walmart to sell UK chain Asda in $8.8 billion deal
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Walmart sells UK supermarket Asda for $8.7 bn
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Billionaire brothers buy Asda in £6.8bn deal
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Walmart finds new buyers for UK supermarket chain Asda
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Sainsbury’s-Asda deal blocked by competition watchdog
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