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Sainsbury’s to merge with Asda to create largest supermarket chain in UK

Sainsbury’s to merge with Asda to create largest supermarket chain in UK

Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business. The merger deal, which is aimed to create the largest supermarket chain in the UK, values Asda at nearly £7.3 […]

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