London — British legislators said on Thursday that they are seeking information from Britain’s competition regulator regarding concerns over the Sainsbury’s proposed £7.3bn takeover of Walmart-owned rival Asda. In a letter to the UK’s Competition and Markets Authority (CMA) the chairs of two parliamentary committees said their members had concerns over the impact the deal would have on the grocery supply chain, particularly as the new business, combining the number two and number three players, and current market leader Tesco would dominate the market. The chairs of parliament’s business select committee, and the environment, food and rural affairs committee said their members also had concerns about the impact of the deal on consumer choice. The CMA said on Monday that it was likely to review the sector’s biggest deal since 2003. The two supermarket chains want the CMA to fast-track to a "phase 2" examination so that the transaction can be completed in the second half of 2019. The ...
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