Update on Proposed Merger

RNS Number : 5946K

Sainsbury(J) PLC

14 December 2018

 

 

J Sainsbury plc

14 December 2018

Update on proposed merger of J Sainsbury plc and Asda Group Limited

J Sainsbury plc and Asda Group Limited attended a Competition Appeal Tribunal hearing today concerning the process and timetable of their proposed merger.

The Court ruled in the Parties' favour and found that the timetable for responding to materials and attending a main party hearing were both unfair.

The Parties took this step reluctantly and look forward to re-engaging with the CMA and Panel and working constructively with them going forward.

For further information please contact:                                              

Investor Relations, J Sainsbury plc

James Collins                                                                                   [phone]

Media Relations, J Sainsbury plc                                                       

Rebecca Reilly                                                                                  [phone]

 

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