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The sale of one of Walmart's biggest international assets is on the rocks after a watchdog warned it could increase prices and lower quality

1 month ago   |   By Business Insider

A merger between Walmart-owned Asda and Sainsbury's is under threat after a competition authority warned the deal could increase prices and reduce quality.
The UK Competition and Markets Authority said it has "extensive concerns" about the deal, which would create a £13 billion grocery giant.
"We have provisionally found that, should the two merge, shoppers could face higher prices, reduced quality and choice, and a poorer overall shopping experience across the UK," said Stuart McIntosh, the chair of the group within the CMA investigating the deal.
The supermarkets hit back, however...
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