February 26, 2020 / 3:57 PM / a month ago

Walmart in talks with third parties over investment in UK arm Asda

LONDON, Feb 26 (Reuters) - Walmart, the world’s largest retailer, said on Wednesday that following “inbound interest” it was in talks with a small number of interested parties regarding an opportunity to invest in Asda, its British supermarket arm, alongside itself.

It said no decisions have been made on any third party investment.

Last year Walmart said it was considering a future stock market listing for Asda after its attempt to merge with UK rival Sainsbury’s was blocked by regulators. It said on Wednesday it firmly believes that an IPO is an attractive long-term objective for Asda. (Reporting by James Davey; editing by Kate Holton)

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