Friday 30th Sep 2016 - Logistics Manager

CMA approval for Sainsbury’s takeover of Argos

The Competition and Markets Authority has cleared Sainsbury’s takeover over Home Retail Group, owner of Argos, following an investigation into the deal.

CMA approval for Sainsbury’s takeover of ArgosSainsbury’s welcome the decision. However, the deal still requires approval by the Financial Conduct Authority, as well as approval by HRG shareholders which are due to meet on 27th July.