Sainsbury's and Walmart agree to merge Sainsbury's and Asda

Sainsbury's and Walmart agreed to merge their Sainsbury's and Asda supermarket businesses, creating the UK's largest retail chain with combined revenues of £51bn; Walmart will hold a 42% stake.

“UK: Sainsbury’s and Walmart have agreed to merge their Sainsbury’s and Asda businesses, creating the UK’s largest retail chain with combined revenues of £51bn.”

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