UK Farm Union Says Sainsbury's-Asda Tieup Could Hurt Farmers and Shoppers -Reuters

   By Stephen Nakrosis 
 

--The U.K.'s National Farmers' Union warned against a potential merger of supermarkets J Sainsbury's PLC (JSAIY) and Asda Group Ltd., saying it could squeeze prices for farmers and affect choices available to shoppers, Reuters reports Tuesday.

--The union's head of food and farming told the U.K. Competition and Markets Authority that farmers were concerned over a promise by the companies to bring savings to shoppers without affecting farmers, the report said.

--In April, Walmart Inc. (WMT) said it would sell Asda to rival Sainsbury's in a deal that values the chain at about GBP7.3 billion ($10.1 billion) and would, if successful, create the largest player in the U.K.'s fiercely competitive grocery market.

Full story: https://www.reuters.com/article/us-asda-m-a-sainsbury-s/sainsburys-asda-deal-could-hurt-farmers-says-union-idUSKCN1NP265

--Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires

November 20, 2018 17:11 ET (22:11 GMT)

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