Asda outshines suitor Sainsbury's in last 12 weeks - Kantar Worldpanel
LONDON (Reuters) - Asda, the British arm of Walmart <WMT.N> that has agreed a takeover by rival Sainsbury's <SBRY.L>, was alone among the country's big four grocers in holding its market share in the latest 12-week period, industry data showed on Tuesday. Asda's sales rose 1.5 percent in the 12 weeks to Dec. 2 and it maintained its UK grocery market share at 15.0 percent, market researcher Kantar Worldpanel said. In contrast Sainsbury's sales slipped 0.2 percent and its share dipped to 16.0 percent from 16.4 percent a year ago. Sainsbury's, Britain's second largest supermarket group, agreed a 7.3 billion pound takeover of Asda, the number three, in April, a combination that could overtake Tesco <TSCO.L> as Britain's biggest supermarket group. The deal is currently being investigated by Britain's regulator, the Competition and Markets Authority, which is expected to publish its initial findings next month.
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