Asda in merger talks to create grocery giant
Sainsbury's has confirmed it is in merger talks with Asda that would create one of the largest retailers in the UK.
In a statement Sainsbury's said "it & Walmart Inc are in advanced discussions regarding a combination of the Sainsbury's & Asda businesses."
A further announcement will be made on Monday.
Sainsbury's and Asda are the second and third-largest supermarkets by market share, so a deal would face close scrutiny by competition authorities.
The latest figures by analysts Kantar show Sainsbury's with 15.8% an... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
