Competition watchdog extends review deadline for Sainsbury’s/Asda deal

London, UK: The Competition and Markets Authority has decided to extend the “reference period” for investigating Sainsbury’s proposed takeover of Asda by eight weeks to April 30.

The CMA based its decision on the “scope and complexity” of the investigation along with the need to consider issues raised by the two companies and third parties. “It is necessary to allow sufficient time to take full and proper account of comments that will be received in response to the inquiry group’s provisional findings”, it added.

Late last year Sainsbury’s and Asda argued they had been given insufficient time to respond to requests for documentation.

The takeover would create the UK’s largest supermarket group with a market share of over 30%. Some industry pundits believe the companies will have to sell off at least some stores in order to secure approval.

WORLD NEWS

New controlled environment construction firm launches

Trabuco Canyon, California, USA: Vince Free has set up Freez Construction, a thermal contracting firm. Freez Construction builds “cold storage thermal envelopes within the controlled environment …

READ THE FULL STORY >

Walmart to spend $1.2bn to upgrade logistics in China

Dongguan, China: Walmart has pledged to spend around $1.2bn to build or upgrade more than 10 distribution centres in China over the next 10-20 years. …

READ THE FULL STORY >

OSHA and GCCA renew partnership

Washington, DC, USA: The Global Cold Chain Alliance and the Occupational Safety & Health Administration have renewed their alliance. “We are excited to continue our …

READ THE FULL STORY >

Ceva Logistics plans move into cold chain

Baar, Switzerland: Swiss company Ceva Logistics is planning to develop “value-added sectors such as cold chain logistics”. The move, revealed when the company presented its …

READ THE FULL STORY >

WHAT’S ON

  • Pharma and Biosciences Conference
    The Cool Chain Association Pharma and Biosciences Conference takes place on 23-24 September 2019 in Paris. Contact: www.caasint.com

Latest Tweets

Thank you for the thank you. twitter.com/purplegator/st…

© 2019 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ