REG - Competition and Mkts - Merger Update: Asda/Arthur (Co-op)

WalmartAnnouncement

28/03/2023 12:15

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RNS Number : 4847U  Competition and Markets Authority  28 March 2023

 

CMA to look at undertakings offered by Asda, the Issa Brothers and TDR in
detail

 

 

COMPLETED ACQUISITION BY ASDA STORES LIMITED OF ARTHUR FOODSTORES LIMITED FROM
CO-OPERATIVE GROUP LIMITED

 

On 14 March 2023, the CMA announced that it is or may be the case that the
above Merger has resulted or may be expected to result in a substantial
lessening of competition within a market or markets in the United Kingdom.

 

On 21 March 2023, Asda Stores Limited, Asda Group Limited, Mr Mohsin Issa, Mr
Zuber Issa, and TDR Capital LLP offered undertakings to the CMA. The CMA has
considered the undertakings offered and today announced that it considers that
there are reasonable grounds for believing that the undertakings offered, or a
modified version of them, might be accepted by the CMA to remedy the
substantial lessening of competition identified by the CMA.

 

The CMA now has until 30 May 2023 to decide whether to accept the
undertakings, with the possibility to extend this timeframe to 25 July 2023 if
it considers there are special reasons for doing so.

 

The text of this decision will be placed on the Competition and Markets
Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) as soon as is reasonably practical.

 

In the event of media enquiries please email Press@cma.gov.uk
(mailto:Press@cma.gov.uk) .

 

 

 

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