Formal inquiry launched into proposed £15bn Asda merger with Sainsbury’s
A formal investigation is to be held in the proposed £15bn merger between Asda and Sainsbury’s.
The Competition and Markets Authority (CMA) has confirmed the proposed deal will be the subject of phase 1 probe looking into the likely impact on shoppers and suppliers.
MPs have already raised concerns about the implications of the merger of the Leeds based giant and its competitor Sainsbury’s.
Neil Parish, chair of the Environment, Food and Rural Affairs Committee, claimed suppliers could suffer from the pledge to cut 10% o... 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...