A PYMNTS Company

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

 |  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.

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.