JSAIY J Sainsbury Plc (QX)

--U.S. private-equity firm KKR is eyeing a takeover of supermarket chain Asda Group, the Sunday Times reports, citing senior sources.

--The British weekly says said the deal under consideration would have Asda's current owner Walmart keep a substantial minority stake in the grocer in order to keep the price tag manageable and benefit from Walmart's purchasing power.

--The news comes after the U.K.'s competition watchdog said last week it was considering vetoing the proposed merger between J Sainsbury and Asda.

Full story: https://bit.ly/2T0DDyG

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(END) Dow Jones Newswires

February 25, 2019 06:23 ET (11:23 GMT)

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