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Sainsbury's in $10bln swoop on Walmart's Asda

Monday, April 30, 2018 - 01:58

Sainsbury's and Asda, the UK arm of Walmart, confirmed on Monday they had agreed a $18.33 billion merger to create Britain's biggest supermarket group by market share, surpassing current leader Tesco.

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Sainsbury's and Asda, the UK arm of Walmart, confirmed on Monday they had agreed a $18.33 billion merger to create Britain's biggest supermarket group by market share, surpassing current leader Tesco.

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Sainsbury's in $10bln swoop on Walmart's Asda

Monday, April 30, 2018 - 01:58