Competition authorities investigate sale of Sainsbury's pharmacies

Wed, 30 Dec 2015 | MERGER

The sale of Sainsbury's pharmacies business to the Lloyds Pharmacy chain is under investigation by the UK's Competition and Markets Authority (CMA).

The investigations, which are likely to delay or halt the sale, have identified 78 local areas where the potential loss of market competition between Lloyds and Sainsbury's outlets could have an impact on consumers.

To address the matter, the CMA requested that Lloyds owner Celesio respond to the matter. This has yet to happen with no undertakings in lieu offered by the company and as such the merger is to be referred to an independent panel for an in-depth investigation.

Celesio appears confident that the deal will progress, stating: “While we accept there may be some geographical areas affected by a lessening of competition we do not believe it is as many as outlined by the CMA following its initial investigation.

“Therefore, we welcome a more detailed analysis and the opportunity to put our case forward.”

Meanwhile, Sainsbury's has said that it is continuing to work towards a deal completion date around the end of February, despite the fact that the full in-depth investigations from the CMW will not be revealed until 13 June.

The investigations do not mean that the sale will be halted, simply that further reassurances of consumer protection and maintenance of healthy competition will need to be provided.


View businesses for sale.


Share this article



Latest Businesses for Sale

Designer & Manufacturer of Consumer Entertainment Robotics (Fast Sale)
UK Wide

Expressions of interest for the business and assets are required by 5pm on 24th July 2019 with bids anticipated shortly thereafter. An opportunity exists to acquire the shares or alternatively the business and assets of this UK based, innovative comp...

Asking Price: Offers Invited
Turnover: £5m+

Manufacturer of Precision Instrumentation Products
UK Wide

*Trade Enquiries Only*. A leading UK designer, manufacturer and global distributor of critical components in specified compression fittings with a crucial safety function. Offers invited.

Asking Price: Offers Invited
Turnover: £1,900,000

Manufacturer of Nets
South West, UK

Manufacturer of Nets for everything except fishing. More than 130 years of continuous trading. The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfull...

Asking Price: £450,000
Turnover: £522,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
03
 
Feb
 

J Sainsbury's succeeds in buying Argos' owner | BUSINESS SALE

J Sainsbury's can celebrate now that it has secured Arg...

 
02
 
Feb
 

Sainsbury's puts forward £1.3bn offer for Argos owner | BUSINESS SALE

Sainsbury's has been circling the Home Retail Group, ow...

 
14
 
Jan
 

Homebase to be purchased by Wesfarmers | DIVISION SALE

Home Retail Group is nearing a sale of its DIY chain to Wesf...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources