SBRY Sainsbury (j) Plc

258.80

-3.80 (-1.45%)

19 Apr 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Sainsbury (j) Plc	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
	-3.80	-1.45%	258.80	258.80	259.00	261.40	256.80	261.00	4,383,439	16:35:02

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Grocery Stores	31.49B	207M	0.0878	29.50	6.1B

CMA Considering Investigation Into Proposed Sainsbury-Asda Merger

18/05/2018 7:51am

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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 maryam.cockar@dowjones.com

(END) Dow Jones Newswires

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