Watchdog moves closer to Asda merger investigationpublished at 10:59 British Summer Time 18 May 2018
The competition watchdog has moved a step closer to opening a full-blown investigation into Sainsbury's planned £12bn merger with Leeds-based supermarket Asda.
The Competition and Markets Authority (CMA) has confirmed that it is looking into the deal and has invited interested parties to comment on its potential impact.
The CMA said it will be considering whether the tie-up will result in "a substantial lessening of competition".
Experts say they expect the CMA to order the two companies to dispose of scores ofstores as part of its review.