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May, 2018 9:29 AM



UK supermarket giants Sainsbury's, Asda agree merger

UK supermarket giants Sainsbury's, Asda agree merger

Britain's second and third biggest supermarket chains, Sainsbury's and Walmart-owned rival Asda, have agreed terms for a merger that will create a new retail giant, the pair announced on Monday.

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30.04.2018 04:26 PM

Britain's second and third biggest supermarket chains, Sainsbury's and Walmart-owned rival Asda, have agreed terms for a merger that will create a new retail giant, the pair announced on Monday.

"Sainsbury's and Walmart Inc. are pleased to announce that they have agreed terms in relation to a proposed combination of Sainsbury's and Asda Group Limited, a wholly owned subsidiary of Walmart, to create an enlarged business," they said in a statement after confirming advanced talks over the weekend.
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