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Update on Proposed Merger

14th Dec 2018 17:37

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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