Walmart mulls stock market listing for UK arm Asda

Walmart mulls stock market listing for UK arm Asda

Walmart said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury’s was blocked by the UK regulator last month. However, Judith McKenna, the Walmart International CEO, cautioned that any preparations for an IPO would ’take years’.

Timothy
Timothy
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