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.Continue reading...
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