Sainsbury's-Asda merger blocked by CMA business regulator

By Sarah Parsons | Published: 25-Apr-2019
Finance Retail

The supermarket result from the Competition Markets Authority saw Sainsbury's shares slide to the lowest in 16 years

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The proposed merger between two of Britain’s largest supermarkets has been blocked by UK watchdog, the Competition and Markets Authority (CMA).

In November, Sainsbury’s and Walgreens-owned Asda announced a plan to create a mega-supermarket group with combined revenues of £51bn.

But the CMA cast

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  • Companies:
  • J Sainsbury
  • Asda
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