Walmart Has Revived Asda Sale Process - Sources
July 20 2020 - 9:52AM
Dow Jones News
By Sarah Nassauer and Ben Dummett
Walmart Inc. has relaunched the planned sale of a majority stake
in its U.K. grocery-store chain Asda Group Ltd. after putting the
process on hold in April to focus attention on managing its
operations through the pandemic, according to people familiar with
the matter.
The U.S.'s largest retailer has invited potential buyers to
submit offers for its U.K. business, some of the people said. The
Asda business was valued around $9 billion in 2018.
Write to Sarah Nassauer at sarah.nassauer@wsj.com and Ben
Dummett at ben.dummett@wsj.com
(END) Dow Jones Newswires
July 20, 2020 09:37 ET (13:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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