Walmart in talks to sell majority stake in Asda

US retailer also considers flotation after failure of attempted Sainsbury’s merger
Walmart is in talks to sell a majority stake in Asda, the UK’s third-largest supermarket chain.The US retailer said it was talking to a “small number of interested parties” about a possible investment in Asda. It is understood to be looking to retain a minority stake in the business, two decades after it moved into the British market by acquiring the grocer. Continue reading...