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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