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 Copyright Phil Noble(Reuters)
Copyright Phil Noble(Reuters)
By Reuters
Share this articleComments
Share this articleClose Button

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)

Share this articleComments

You might also like