Sainsbury’s Asda merger blocked, dashes lenders' plans

Mike Turner

April 25, 2019 01:45 PM

Sainsbury's_PA_230x150 — File photo dated 03/05/16 of a man holding Sainsbury's bags, as the supermarket giant revealed sharply slowing sales growth and a 9\% fall in half-year profits after moves to keep prices low in the face of inflation and cost pressures. | Lauren Hurley/PA Wire/PA Images

The UK competition watchdog has put the kibosh on a merger between grocers J Sainsbury’s and Asda, taking billions of sterling syndicated loans out of a market still recovering from a torrid start to the year.

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Topics

Syndicated Loans Investment Grade Loans

MT

Mike Turner

Corporate Debt Editor