Walmart restarts talks over sale of Asda stake

It comes 15 months after the UK competition regulator, the Competition and Markets Authority (CMA), blocked an attempt to merge Asda with Sainsbury’s.

Walmart and Asda have restarted talks over the potential sale of a stake in the UK supermarket chain, more than a year after its failed merger with rival Sainsbury’s.

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