The takeover of Asda by the billionaire Issa brothers should give the green light Business

The watchdog will now have 40 days to analyze the proposals, but said he was likely to accept them, avoiding further investigation into the deal. There were no details on the location of specific sites.

The new owners of the supermarket chain were optimistic about getting the last nod. They said they had already had “significant interest” from potential suitors for some of the forts.

Industry veteran Gerald Ronson, a self-service gas station pioneer in the 1960s, had previously expressed interest in purchasing some of the sites to add them to his existing 265 locations.

Les Issas said, “Over the past 10 days, we have worked constructively with the CMA to come up with solutions to address the CMA’s competition concerns. We are pleased to confirm that CMA has indicated that it has reasonable grounds to believe that the proposed corrective measures are acceptable. “

More about this article: Read More
This notice was published: 2021-05-05 11:14:15