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Deals

Walmart expects $2 billion non-cash loss from stake sale in Japan's Seiyu

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(Reuters) - Walmart Inc WMT.N said on Monday it sees a non-cash loss of about $2 billion after tax, in its fourth fiscal quarter due to a sale of a majority stake in Japanese supermarket chain Seiyu.

The retailer also said it does not expect a significant impact to earnings per share following the close of the sale to investment firm KKR KKR.N and e-commerce company Rakuten 4755.T. (bit.ly/2IEBFzN)

The deal was first announced late Sunday, Eastern time.

Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli

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