Walmart (WMT) Is Making Early Talks on The Sale of Asda

Investingport
On Wednesday, Feb. 26, 2020, Walmart (WMT) disclosed that it was making first phase talks concerning selling off a controlling stake in Asda, following demands from several parties.Walmart which is described as the world’s largest retailer revealed that many parties made their intentions known to the company about acquiring a stake Asda, which is one of the United Kingdom’s supermarket chains. However, Walmart said it has not made any decision concerning investments from a third party.In a statement noting that it intends to maintain a significant stake in Asda, even if a sale occurs in the future, Walmart said, “Together,…
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