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Sainsbury's-Asda merger blocked by regulator

The proposed merger between Sainsbury's and Asda has been blocked by the UK's competition watchdog over fears it would raise prices for consumers.
The Competition and Markets Authority (CMA) also said it would raise prices at the supermarkets' petrol stations and lead to longer checkout queues.
Sainsbury's boss Mike Coupe said the regulator was "effectively taking £1bn out of customers' pockets".
But he said the supermarkets had agreed to end the deal.
Asda boss Roger Burnley said he was disappointed: "We were right to explore the potential merger with Sainsbury's, which would have delivered great benefits for customers and supported the long term, sustainable success of our business."

https://www.bbc.co.uk/news/business-48048596
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