Share Name Share Symbol Market Type Share ISIN Share Description
Sainsbury LSE:SBRY London Ordinary Share GB00B019KW72 ORD 28 4/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.60p -0.19% 317.90p 318.30p 318.50p 322.10p 316.50p 319.60p 6,766,758 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 28,456.0 409.0 13.3 23.9 6,983.48

CMA Considering Investigation Into Proposed Sainsbury-Asda Merger

18/05/2018 7:51am

Dow Jones News

Sainsbury (LSE:SBRY)
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By Maryam Cockar 

The U.K. competition watchdog said Friday that it is considering investigating the proposed merger between J Sainsbury PLC (SBRY.LN) and Walmart Inc's (WMT) British arm, Asda Group Ltd.

The Competition & Markets Authority said it will consider whether the proposed merger will "result in a substantial lessening of competition within any market or markets" in the U.K. for goods or services.

The CMA said it is issuing a preliminary invitation to comment, asking interested parties to submit views on the impact that the proposed merger could have on competition in the U.K.

Walmart on April 30 said it would sell its U.K. supermarket chain Asda to Sainsbury, in a deal that values Asda at about $7.3 billion pounds ($9.87 billion).


Write to Maryam Cockar at


(END) Dow Jones Newswires

May 18, 2018 02:36 ET (06:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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