Sainsbury's and Asda close to Merging

Retail news from Europe (Excluding Russia)
Post Reply
bm10k
Status: Offline

Sainsbury's and Asda close to Merging

Post by bm10k »

http://www.bbc.com/news/business-43933517

Apparently Walmart (Who Owns Asda) has given the green light on this
storewanderer
Posts: 14974
Joined: February 23rd, 2009, 3:54 pm
Has thanked: 3 times
Been thanked: 346 times
Contact:
Status: Offline

Re: Sainsbury's and Asda close to Merging

Post by storewanderer »

I don't understand the transaction. Who will the controlling entity be?
arizonaguy
Store Manager
Store Manager
Posts: 1113
Joined: July 12th, 2013, 6:07 pm
Been thanked: 42 times
Status: Offline

Re: Sainsbury's and Asda close to Merging

Post by arizonaguy »

storewanderer wrote: April 29th, 2018, 6:56 pm I don't understand the transaction. Who will the controlling entity be?
It appears that Sainsbury's would be the controlling entity.
storewanderer
Posts: 14974
Joined: February 23rd, 2009, 3:54 pm
Has thanked: 3 times
Been thanked: 346 times
Contact:
Status: Offline

Re: Sainsbury's and Asda close to Merging

Post by storewanderer »

arizonaguy wrote: April 29th, 2018, 8:37 pm
storewanderer wrote: April 29th, 2018, 6:56 pm I don't understand the transaction. Who will the controlling entity be?
It appears that Sainsbury's would be the controlling entity.
So this is Wal Mart essentially exiting Asda?
rwsandiego
Store Manager
Store Manager
Posts: 1276
Joined: April 3rd, 2016, 10:57 pm
Has thanked: 29 times
Been thanked: 58 times
Status: Offline

Re: Sainsbury's and Asda close to Merging

Post by rwsandiego »

storewanderer wrote: April 29th, 2018, 10:16 pm
arizonaguy wrote: April 29th, 2018, 8:37 pm
storewanderer wrote: April 29th, 2018, 6:56 pm I don't understand the transaction. Who will the controlling entity be?
It appears that Sainsbury's would be the controlling entity.
So this is Wal Mart essentially exiting Asda?
That's what it seems, but the article doesn't actually say so.
jamcool
Store Manager
Store Manager
Posts: 1048
Joined: March 5th, 2009, 10:27 pm
Been thanked: 56 times
Status: Offline

Re: Sainsbury's and Asda close to Merging

Post by jamcool »

Walmart will own 42 percent of the combined company
Post Reply