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UK competition regulator seeks comment on $9.9 billion Sainsbury's-Asda deal

Sainsbury’s
Acquisition   The preliminary “invitation to comment”

Britain’s competition regulator has invited all interested parties to submit their views on a proposed 7.3 billion pound ($9.9 billion) deal to combine Sainsbury’s with Walmart’s Asda supermarket chain.


The Competition and Markets Authority (CMA) said the preliminary “invitation to comment” was the first part of its information-gathering process, in advance of a formal investigation starting.

Interested parties have until June 4 to respond.

The CMA said it was also likely to proactively contact companies and organizations that are active in the markets affected by the deal, such as suppliers, competitors, industry bodies and consumer organizations.

The CMA’s remit is to ascertain whether merger situations could result in a substantial lessening of competition.


 

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