We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Name | Symbol | Market | Type |
|---|---|---|---|
| J Sainsbury Plc (QX) | USOTC:JSAIY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.43% | 13.93 | 11.90 | 15.45 | 14.23 | 13.89 | 14.00 | 28,940 | 21:30:09 |
From Aug 2019 to Aug 2024
By Oliver Griffin
J Sainsbury PLC (SBRY.LN) and Asda Group Ltd. (AGP.YY) have proposed selling up to 150 stores and a number of gas stations to satisfy the U.K.'s monopoly watchdog.
A report published by the Competition and Markets Authority on Friday showed that the two grocers have proposed selling between 125-150 supermarkets, plus a number of convenience stores, to address concerns of a significant lessening of competition.
Asda--which is owned by Walmart Inc. (WMT)-- and Sainsbury are also proposing the sale of a sufficient number of gas stations in the U.K. to address the watchdog's concerns.
Both grocers hold the opinion that a divestiture remedy isn't necessary or proportional in relation to online delivered grocery shopping, but said they would be willing to discuss possible solutions with the CMA.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
March 22, 2019 09:44 ET (13:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year J Sainsbury (QX) Chart |
1 Month J Sainsbury (QX) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
