10th Sep 2015 08:14
LONDON (Alliance News) - The UK's competition regulator on Wednesday said it is inviting responses from stakeholders on J Sainsbury PLC's proposed sale of its pharmacy business to Germany's Celesio AG, the owner of the Lloydspharmacy chain.
The Competition and Markets Authority said it has invited responses from "any interested party" on the proposed deal, with a deadline for the comments to be made of September 23.
The pair struck the deal in late July, with Lloydspharmacy to acquire a total of 281 pharmacies from Sainsbury's and pay the supermarket annual rent to operate its in-store pharmacies.
The regulator will seek responses before deciding whether to launch a full investigation of the deal.
By Sam Unsted; [email protected]; @SamUAtAlliance
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