Sainsbury’s and Morrisons ‘held talks this year’ on multibillion-pound merger

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Sainsbury’s and Morrisons reportedly held exploratory discussions this year about a multibillion-pound merger that could have reshaped the UK supermarket sector. The talks are no longer active, and a combined company would have held an estimated 23.6% market share, compared with Tesco’s 27.8%.

Deal would have created a supermarket with a market share of 23.6%, still well behind Tesco’s 27.8% Sainsbury’s held merger talks with rival Morrisons this year to discuss a multibillion-pound deal that would have been the biggest shake-up for UK supermarkets in decades, according to reports. The two companies held exploratory negotiations, according to the Financial Times and Sky. It is believed they are no longer in live discussions. Continue reading...