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Merger may force J Sainsbury and Asda to sell up to 300 stores

SUPR View:

* Headline a bit of sensationalist journalism, article goes on to explain that 300 is a max rather than an expected number

* CMA have yet to open a formal investigation

* Central case in article is for 28 – 54 store disposals (data from UBS)

* Number goes to 132 – 161 if discounters excluded (which they shouldn’t be as were referenced in Tesco/Booker analysis)

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