Walmart restarts talks on possible sale of Asda stake - CNBC

Shoppers gather outside an ASDA store from 5.45am on March 19, 2020 in Cardiff, United Kingdom.

Matthew Horwood | Getty Images

Walmart, the world's biggest retailer, has restarted talks with potential buyers of a stake in its British supermarket arm Asda, a Walmart spokesman said on Monday.

The talks had been put on hold in April so management could focus on dealing with the impact of the Covid-19 crisis.

"Walmart and Asda have restarted conversations with a small number of third-party investors who are interested in acquiring a stake in Asda and partnering with Walmart, following renewed inbound interest," the Walmart spokesman said.

Let's block ads! (Why?)