27-02-2020 09:27 via retailgazette.co.uk

Walmart begins talks to sell stake in Asda

// Walmart confirms it is in talks to sell stake in Asda
// Walmart has been attempting to sell Asda for nearly two years – including its failed £12bn merger with Sainsbury’s
// It is understood Walmart would retain a significant minority stake in Asda in any saleThe US-based parent company of Asda has started discussions with investors to sell a stake in the UK supermarket.
Bosses at Walmart are thought to be in early stage talks with a handful of private equity funds.
A joint
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