Competition & Markets Authority
Statement on Sainsbury’s/Asda Judicial Review application
Response to J Sainsbury plc and Asda Group Ltd’s application for a Judicial Review of the CMA investigation’s timetable and process.
Our first priority in this investigation has, and will continue to be, assessing if shoppers would face higher prices or a lower quality of service as a result of the merger and, if so, to prevent that from happening.
We began to engage with the companies involved as soon as they announced their intention to merge at the end of April, to make sure they had the opportunity to fully put forward their views. Investigating any merger of this size requires assessing a large volume of material in a short timeframe, and it is not unusual for the companies involved to do this in the timelines we have been working to with Sainsbury’s and Asda. We have done everything we can to aid their consideration of this work, whilst still ensuring we are able to meet our legally-binding deadline. This includes extending certain administration timelines where appropriate.
If we gave the companies the extra time they are now asking for, it would put our ability to complete the investigation by the required deadline at very serious risk. As with all of our merger reviews, we construct our timetable to ensure that everyone has the chance to have their say, including customers, the companies involved and suppliers.
Latest News from
Competition & Markets Authority
Sainsbury’s / Asda merger could push up prices and reduce quality21/02/2019 09:20:00
The CMA has provisionally found extensive competition concerns as part of its in-depth investigation of the proposed merger between Sainsbury’s and Asda.
Banks scored on quality of service: latest results published18/02/2019 09:20:00
The second set of banking customer satisfaction results were recently (15 February 2019) published, following an independent survey of thousands of personal and small business customers.
Trust and Brexit amongst priorities for CMA in annual plan15/02/2019 15:20:00
Ensuring markets work in people’s favour is a priority for the CMA, which yesterday published its annual plan.
CMA welcomes court ruling to uphold fine in steel tanks case15/02/2019 14:10:00
The CMA has welcomed a judgment from the Court of Appeal today upholding its fine on Balmoral Tanks for illegally exchanging price information.
CMA to launch in-depth investigation of Tobii / Smartbox merger11/02/2019 09:20:00
The CMA recently (08 February 2019) referred Tobii’s purchase of Smartbox for an in-depth investigation, after finding competition concerns.
CMA launches court action against Care UK08/02/2019 09:20:00
The CMA has issued court proceedings against Care UK after it refused to refund residents who had to pay a compulsory upfront fee.
Hotel booking sites to make major changes after CMA probe07/02/2019 12:20:00
The CMA has secured a victory for UK holidaymakers as some of the biggest online hotel booking sites make formal commitments to change their ways.
CMA orders sale of customer contracts in washroom suppliers’ merger28/01/2019 10:20:00
Rentokil Initial must sell several large supply contracts to satisfy CMA concerns over its merger with Cannon Hygiene.