Sainsbury's vows to cut prices but not stores after Asda merger

Sainsbury’s, Nine Elms, Vauxhall

The owners of Sainsbury’s and Asda have vowed to continue to operate their full estate of 2,800 stores across the UK having agreed terms for a merger deal.

The merger deal will see the combined Sainsbury’s-Asda overtake Tesco as the most valuable grocery retail firm in the UK with combined revenues of more than £50bn.

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