Walmart in discussions to sell stake in Asda
Image copyright JUSTIN TALLIS
Walmart says it may sell a majority stake in Asda, its UK supermarket, after “inbound interest” in the idea.
The US retail giant said it was talking to a “small number of interested parties” about a possible investment.
It comes after UK regulators blocked Walmart’s plan to merge Asda with Sainsbury’s last year on fears it would raise prices for consumers.
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