Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

Sainsbury's says confidence in securing Asda has not changed

Sainsbury's says confidence in securing Asda has not changed
FILE PHOTO: Shopping bags from Asda and Sainsbury's are seen in Manchester, Britain April 30, 2018. REUTERS/Phil Noble/illustration/File Photo -
Phil Noble(Reuters)
Euronews logo
Text size Aa Aa

LONDON (Reuters) - Sainsbury's <SBRY.L>, Britain's No. 2 supermarket chain, said its belief that the competition regulator would clear its 7.3 billion pound takeover of rival Asda had not diminished since the deal was announced in April.

"It (confidence) remains exactly the same...We remain confident in the case we are making to the CMA (Competition and Markets Authority)," Chief Executive Mike Coupe told reporters.

"In that respect nothing has changed," he said.

(Reporting by James Davey; editing by Kate Holton)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.