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J Sainsbury and Asda proposed to divest between 125 and 150 stores to obtain regulatory approval for the proposed combination, as well as documents filed with the Competition and Markets Authority.
They stated that the proposal, which represents about half of the number of divestments requested by the CMA in its provisional findings, was based on "a more credible finding of substantial lessening of competition". It used a threshold of 5% gross upward pressure on prices, a key measure, instead of the 2.5% used by the CMA in its first deliberations.
The two grocers also said that they would be willing to dispose of some convenience stores and gas stations, but that they considered that the diversification of online delivery operations from one or the other company was "not necessary or proportionate".
These pledges are in addition to the public commitments made earlier this week to reduce the prices of everyday items by a total of £ 1 billion no later than three years after completion and to accept margin cap for fuel sold by Sainsbury's.
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