The UK’s Office of Fair Trading has said it is considering whether the acquisition by UK supermarket chain Waitrose of 19 stores from Wm Morrison Supermarkets will lead to any competition concerns.

If a “relevant merger situation” is found, the OFT will decide whether the deal should be referred to the Competition Commission for investigation, reported Dow Jones International News.

Morrisons announced last week that it had agreed to sell 19 stores to Waitrose. Fourteen of the stores being sold to Waitrose are stores which Morrisons is required to sell as part of its agreement with the OFT relating to its merger with Safeway. Eighteen of the stores being sold are Safeway stores. One store is the Morrisons store at Southport which Morrisons has elected to sell instead of the Safeway store in that location. 

In order to gain competition approval for its takeover of larger rival Safeway, Morrisons agreed to dispose of 52 Safeway stores if the merger was successful.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.