skip to main content
  • *
  • *
  • *
Find Insight DIY on
* * *

UK DIY News

Sainsbury's & ASDA Appeal Over CMA's Refusal to Delay Merger Investigation

Sainsbury's Argos Asda Habitat 725 x 500.jpg

J Sainsbury plc and Asda Group Ltd will today lodge an application with the Competition Appeal Tribunal for a Judicial Review of the Competition and Markets Authority (CMA) Phase Two investigation into their proposed merger.

This application requests a review of the timetable and process, reflecting both Parties’ view that the current timetable does not give the Parties or the CMA sufficient time to provide and consider all the evidence given the unprecedented scale and complexity of the case.

Both Parties have engaged constructively with the CMA to date and have made repeated requests for additional time. Specifically, we have asked the CMA for an additional 11 working days over the Christmas period to respond to a large amount of material recently provided to us.

We are confident in the merits of the deal and our ability to deliver the synergies. By bringing our two businesses together, we will invest further in range, quality and customer service, while lowering prices and reducing the cost of living for millions of UK households.

In August 2018, the Competition and Markets Authority (CMA) opened its initial (Phase 1) investigation into the merger and announced the companies had requested a ‘fast-track’ referral to Phase 2.

The CMA referred the planned £12bn Sainsbury’s / Asda merger for an in-depth Phase 2 investigation in September 2018.

Source : Insight DIY Team and Sainsbury's 

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.

12 December 2018

Related News

view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry