Sainsbury's and Asda in merger talks

Merger talks between British supermarket chains Sainsbury's and Asda are at an "advanced" stage, Sainsbury's has confirmed.

The two brands are expected to be retained should a merger go ahead.
Sainsbury's and Asda - the UK arm of Walmart - are the second and third largest supermarkets in the UK.

The combined group would comprise 2,800 stores and would represent 31.4% of the UK grocery market - slightly more than that of market leader Tesco.

"Sainsbury's confirms that it and Walmart Inc. are in advanced discussions regarding a combination of the Sainsbury's and Asda businesses," a statement from its holding company, J Sainsbury plc, said.

BBC News
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