Extra time has been allowed for the lawyers involved in the Asda Sainsbury merger as the CMA looks to protect consumer rights and ensure healthy competition remains.
When news of the £7.3bn Asda Sainsbury merger hit the news, the CMA (Competition and Markets Authority) were quick to act. Their role as the UK’s competition watchdog is to ensure that the behaviours of businesses in a market does not come at a detriment to the consumer. In this investigation, the concern is over whether prices could increase as the merger would lead to the companies overtaking Tesco as the largest supermarket chain in the UK.
The extra time that has been allowed is for the lawyers acting in the Asda Sainsbury merger venture to respond to a number of concerns that have been raised.
The Asda-Sainsbury’s merger will raise competition questions and will, we strongly suspect, draw the attention of the UK’s competition watchdog, the Competition and Market’s Authority (CMA), who will conduct a review to assess the impact the merger may have on the market.
With the merger set to result in Asda and Sainsbury’s controlling 60% of the market, the CMA will need to ensure that any merger that does go ahead – if it’s even allowed to proceed in the first place – will not put consumers in a worse position in the long-run.
Consumers are being promised price cuts of 10%, but in the absence of any specificity as to the products that will be cut, the potential merger has raised a lot of eyebrows.
The Competition and Markets Authority (CMA) are in the process of deciding whether DX Network Services Ltd (DX) and First Post Ltd (First Post) merger has created a ‘substantial lessening of competition in the market’.
“A Monopoly between Britain’s largest Adult Gaming companies” – CMA investigates the merger of Novomatic and Talarius
In early September, the CMA announced an investigation into the merger between Australian gambling operator, Tatts, and Austrian Gaming Giants, Novomatic. The merger came when Talarius U.K. (subsidiary company of Tatts) failed to reach their targeted profits and sold on their U.K. division to Novomatic on 24 June for £116 million.
The merger could be seen as ‘fishy’ as both companies are seen as big players in the British Adult Gaming industry, with Talarius machines operating in approximately 170 venues across the U.K.