Sainsbury’s has confirmed it has agreed terms for a £12 billion merger with Walmart-owned Asda, setting the stage for one of the most audacious deals in British retail history.
The combined supermarket expects to lower prices by around 10% on products customers buy regularly.
The duo – the UK’s number two and three supermarkets – said today that the unified group would have combined revenues of £51 billion and boast a network of 2,800 Sainsbury’s, Asda and Argos stores.
Here MailOnline brings you the latest update on the merger between the retail titans.
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