Sainsbury’s-Asda merger blocked by competition watchdog

Competition and Markets Authority says UK shoppers and motorists would be worse off

The merger between Sainsbury’s and Asda has been torpedoed by Britain’s competition watchdog, which ruled the £7bn deal threatened to push up prices and reduce the choice and quality of products on sale in stores.

The Competition and Markets Authority (CMA) blocked the tie-up after a year-long investigation that concluded millions of shoppers and motorists would be worse off if the UK’s second and third-largest supermarkets were allowed to merge into a business bigger than Tesco, with annual sales of £51bn.

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From our friends over at the : Business | The Guardian

 

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