date:Dec 06, 2018
Sainsbury's-Asda deal needs 'extensive remedies'
British supermarket group Sainsburys proposed takeover of rival Asda would not be cleared by the competition regulator without the need for extensive remedies if precedent is followed, according to market leader Tesco. The combination of No. 2 player Sainsburys and No. 3 Asda, which is owned by Walmart, could overtake Tesco. In its submission to the Competition and Markets Authority (CMA), which is probing the deal, Tesco also questioned the econo