Walmart Restarts Talks On Possible Sale Of Asda Stake
Walmart, the world’s biggest retailer, has restarted talks with potential buyers of a stake in its British supermarket arm Asda, a Walmart spokesperson said on Monday.
The talks had been put on hold in April so management could focus on dealing with the impact of the COVID-19 crisis.
After Asda‘s attempt to combine with UK rival Sainsbury’s was blocked by the competition regulator last year, Walmart said it was considering a stock market listing for Asda.
Then in February, Walmart said it was in talks with possible buyers of a majority stake in the group. Those talks progressed until the coronavirus hit.
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