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ASDA/Sainsbury's £3 billion merger

3/5/2018
Merger
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£ 3 billion

$ 4.01 billion

Announced

3/5/2018

Overview:

  • ASDA and Sainsbury's have undertaken £3 billion merger procedures.
  • The deal involves Sainsbury's acquisition of ASDA from Walmart, the american supermarket chain. 
  • The merged company will be the biggest supermarket chain in the United Kingdom, controlling 31% of the market.
  • Both chains will keep their brands.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Merger

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Consumer goods and services

Firms:
Gibson Dunn & Crutcher

Party: Walmart (Merger party)

Party: ASDA (Merger party)

Linklaters

Party: Sainsbury's (Merger party)

Lawyers: Iain Fenn, Michael Honan

Slaughter and May

Party: Walmart (Merger party)

Party: ASDA (Merger party)

Lawyers: Sally Wokes, Victoria MacDuff

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