Archives for Walmart

Walmart in discussions to sell their stake in Asda

Walmart in discussions to sell the stake in Asda Walmart says it could sell a majority stake in Asda, its UK supermarket, after “incoming interest” in the idea. The US retail giant said it spoke to a “small number of stakeholders” about a possible investment. It comes after UK regulators blocked Walmart’s plan to merge Asda with Sainsbury last year for fear that it would raise prices for consumers. Walmart said it would likely keep a stake in Asda if the plan goes ahead. “No decisions have been made and we will not comment on these discussions further,” he said.
Read More