A PYMNTS Company

UK: Sainsbury, Asda “very unlikely” to appeal regulator’s verdict

By  |  April 25, 2019

Sainsbury’s and Asda, the British arm of US retailer Walmart, are “very unlikely” to appeal against the verdict of Britain’s regulator on their proposed merger, the Financial Times reported on Wednesday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    A person with knowledge of the situation told the FT: “An appeal is still an option, but I would regard it as very unlikely.”

    Britain’s competition regulator has blocked Sainsbury’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda.   The Competition and Markets Authority (CMA) said in its final report on Thursday that the deal would lead to increased prices in stores, online and at many petrol stations across the UK.

    Full Content: Financial Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.