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.

ESM