A worker pushes shopping trolleys at an Asda store in west London, Britain, April 28, 2018. REUTERS/Toby Melville
LONDON: UK grocer J Sainsbury Plc is in advanced talks to combine with Walmart Inc’s Asda in a multi-billion pound deal that would reshape Britain’s brutally competitive supermarket business.
Sainsbury confirmed the discussions in response to a Bloomberg News report and said a further announcement would be made today. The supermarket chain ranks second in the UK, followed by Asda and behind Tesco Plc.
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