Asda, the UK arm of Walmart, has offered to divest 47 of the 194 Netto branches it purchased in May this year, in order to appease competition concerns raised by the Office of Fair Trading (OFT). The level of divestment is higher than initially anticipated and is aimed at preventing the acquisition being referred to the Competition Commission for an in-depth review. When analysing the acquisition, the OFT concluded that competition may be “substantially reduced” in around 1 in 4 local areas. However the OFT felt that the acquisition did not give rise to competition issues on a national level. In light of concerns that some of the stores may not be of interest to eligible buyers, the OFT has required Asda to find suitable up-front purchasers.