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The Competition and Markets Authority (CMA) has prohibited Asda and Sainsbury’s from working with each other until 29 July 2019 after it blocked the supermarkets’ attempt at a merger.
Concluding its investigation into the merging of the supermarkets, the order came into force on 9 July 2019 as it said the “creation of that situation may be expected to result in a substantial lessening of competition” in local and national markets, online delivered groceries, and the retail supply of fuel.
The merger would have been worth £13bn and would have resulted in the companies taking a 31% share of the grocery sector.
The order applies to Asda, Sainsbury’s and Walmart.
Sainsbury’s incurred costs of £46m while Asda’s sales slipped after the CMA blocked the merger in April.
