Walmart weighs IPO for U.K. arm Asda

|About: J Sainsbury plc (JSAIY)|By:, SA News Editor

Walmart (NYSE:WMT) is considering a stock market listing for its British supermarket arm Asda, whose £7.3B attempt to combine with rival Sainsbury's (OTCQX:JSAIY) was blocked by U.K. regulators last month.

The deal was aimed at helping Sainsbury's better take on Tesco (OTCPK:TSCDY) and was a way for Walmart to reduce its exposure to the U.K.

Any preparations for an Asda IPO would still "take years," according to Walmart International CEO Judith McKenna.

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