CNBC reports that Walmart has re-engaged with potential buyers of its stake in British retailer Asda, after having back-burnered them this spring because of the pandemic.
“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.
Walmart had hoped to merge Asda with Sainsbury, but was blocked from doing so by the UK Competition and Markets Authority. which raised antitrust concerns.
