UK supermarket group Sainsbury has reached an amicable settlement with Merrill Lynch Investment Managers (MLIM) over the lacklustre performance of its pension fund.
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The scope of the financial settlement has not been disclosed.
After MLIM reached an out-of-court settlement Anglo-Dutch consumer goods giant Unilever believed to be worth £70m (US$107.7m), the odds of Sainsbury heading for the courts increased.
