U.S. Markets open in 4 hrs 11 mins
  • S&P Futures

    4,245.00
    -1.50 (-0.04%)
     
  • Dow Futures

    34,240.00
    -48.00 (-0.14%)
     
  • Nasdaq Futures

    14,042.50
    +12.25 (+0.09%)
     
  • Russell 2000 Futures

    2,312.00
    -3.70 (-0.16%)
     
  • Crude Oil

    72.18
    +0.06 (+0.08%)
     
  • Gold

    1,860.60
    +4.20 (+0.23%)
     
  • Silver

    27.86
    +0.17 (+0.62%)
     
  • EUR/USD

    1.2129
    -0.0004 (-0.0364%)
     
  • 10-Yr Bond

    1.4990
    0.0000 (0.00%)
     
  • Vix

    17.18
    +0.79 (+4.82%)
     
  • GBP/USD

    1.4107
    +0.0025 (+0.1778%)
     
  • USD/JPY

    109.9400
    -0.0940 (-0.0854%)
     
  • BTC-USD

    39,923.91
    +122.60 (+0.31%)
     
  • CMC Crypto 200

    994.73
    -15.87 (-1.57%)
     
  • FTSE 100

    7,187.66
    +15.18 (+0.21%)
     
  • Nikkei 225

    29,291.01
    -150.29 (-0.51%)
     

New Asda owners say competition regulator minded to accept remedies to address concerns

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

LONDON, May 5 (Reuters) - Britain's Issa brothers and private equity group TDR Capital said on Wednesday the competition regulator has indicated that remedies proposed to address concerns over their purchase of the Asda supermarket chain from Walmart are acceptable.

“Over the course of the past 10 days, we have been working constructively with the Competition and Markets Authority (CMA) to offer remedies to address the CMA's competition concerns," the brothers and TDR said.

"Today, we are pleased to confirm that the CMA has indicated it has reasonable grounds to believe the proposed remedies are acceptable, enabling us to arrive at a conclusive outcome for the acquisition of Asda in Phase 1."

(Reporting by James Davey; editing by William James)