Sainsbury's says Asda merger could result in some store sell-offs


LONDON (Reuters) - Sainsbury's chief executive Mike Coupe said that it was possible that competition authorities would force some stores to be sold to allow the British supermarket chain's proposed merger with Asda to go ahead. Sainsbury's and Asda, the UK arm of Walmart, confirmed on Monday they had agreed a 13.

3 billion pounds ($18.3 billion) merger to create Britain's biggest supermarket group by market share, surpassing current leader Tesco.The pair said in their statement that there were no planned store closures as a result of the tie-up,.....

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