14 Dec 2018 17:37
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J Sainsbury plc
14 December 2018
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Update on proposed merger of J Sainsbury plc and Asda Group Limited
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J Sainsbury plc and Asda Group Limited attended a Competition Appeal Tribunal hearing today concerning the process and timetable of their proposed merger.
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The Court ruled in the Parties' favour and found that the timetable for responding to materials and attending a main party hearing were both unfair.
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The Parties took this step reluctantly and look forward to re-engaging with the CMA and Panel and working constructively with them going forward.
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For further information please contact:
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Investor Relations, J Sainsbury plc
James Collins +44 (0) 7801 813074
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Media Relations, J Sainsbury plc
Rebecca Reilly +44 (0) 20 7695 7295
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