Walmart restarts talks to sell a stake in Leeds-based Asda

Walmart said it has restarted talks to sell a stake in Asda.

Asda's head office is in Leeds.

The US retail giant said it is in discussions with “a small number of third-party investors” who are interested in buying a stake in the Leeds-based supermarket chain.

A Walmart spokesman said: “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.

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“The pandemic has demonstrated Asda’s resilience and the key role we play in supporting different communities.

“We have a clear strategy and a long heritage in delivering value for customers and with this in mind, we believe now is the right time to explore options for a third party to invest in our business to accelerate the long-term delivery of our value strategy, both in stores and online.

“There is no certainty that a transaction will happen and we will not be providing any further comments on these discussions.”

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