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CMA finds ‘extensive concerns’ over Sainsbury’s-Asda tie-up | Business News

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Britain’s competition watchdog has found “extensive” concerns over the tie-up between Sainsbury’s and Asda – and thinks it will be “difficult” for them to be resolved so that the deal can go ahead.

The Competition and Markets Authority (CMA) said the proposed merger could lead to higher prices and a fall in range and quality in stores.

It said it could either block the deal or force the companies to sell off “a significant number of stores and other assets” – potentially including one of the Sainsbury’s or Asda brands.

“The CMA’s current view is that it is likely to be difficult for the companies to address the concerns it has identified,” the watchdog said.

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