Walmart, the world’s largest retailer, has put the possible sale of a majority stake in its British supermarket arm Asda on hold until the coronavirus crisis is over, Reuters reported citing a person familiar with the situation.
The US group had said in February it was in talks with possible buyers of a stake in Asda, which it failed to combine with UK rival Sainsbury’s last year.
However, Walmart has now paused the process so that Asda chief executive Roger Burnley and his leadership team can fully focus on responding to the current health emergency.
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