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Wal-Mart in the running for grocery chain in China

Sep. 19, 2017 7:14 AM ETWalmart Inc. (WMT) StockWMT, CPOKYBy: Clark Schultz, SA News Editor4 Comments
  • Wal-Mart (NYSE:WMT) and Charoen Pokphand Group (OTCPK:CPOKY) are likely bidders to acquire Lotte Shopping’s supermarkets in China, according to a report from Yicai Global.
  • Goldman Sach is running the sales process for the supermarket chain.
  • Lott values its China business at about ~$743M.

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