REG - Sainsbury(J) PLC - Update on Proposed Merger

J SainsburyAnnouncement

14/12/2018 17:40

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                                                                                   +44 (0) 7801 813074
 
Media Relations, J Sainsbury plc                                                       
Rebecca Reilly                                                                                  +44 (0) 20 7695 7295
 
 




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