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Britain refers Sainsbury's-Asda merger to in-depth review

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Britain refers Sainsbury's-Asda merger to in-depth review
FILE PHOTO: A man walks past branches of ASDA and Sainsbury's in Stockport, Britain April 30, 2018. REUTERS/Phil Noble/File Photo   -   Copyright  Phil Noble(Reuters)
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LONDON (Reuters) – Britain’s competition regulator said Sainsbury’s 7.3 billion-pound takeover of Asda would be referred to an in-depth review because their stores overlapped in hundreds of local areas.

The Competition and Markets Authority said on Wednesday that shoppers could face higher prices or a worse quality of service in places where both chains had shops.

It said it also needed to investigate whether a combination of the country’s second and third biggest supermarkets would have increased buying power over suppliers.

(Reporting by Paul Sandle; editing by Costas Pitas)

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