Tag: mergers
Extra time allowed in the Asda Sainsbury merger investigation
First published by Author on December 28, 2018 in the following categories: Industry Mergers and tagged with cma | marktet sharing | mergers
Extra time has been allowed for the lawyers involved in the Asda Sainsbury merger as the CMA looks to protect consumer rights and ensure healthy competition remains.
When news of the £7.3bn Asda Sainsbury merger hit the news, the CMA (Competition and Markets Authority) were quick to act. Their role as the UK’s competition watchdog is to ensure that the behaviours of businesses in a market does not come at a detriment to the consumer. In this investigation, the concern is over whether prices could increase as the merger would lead to the companies overtaking Tesco as the largest supermarket chain in the UK.
The extra time that has been allowed is for the lawyers acting in the Asda Sainsbury merger venture to respond to a number of concerns that have been raised.