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Walmart Weighs a UK Pullback as Rivals Gain Sway

LONDON—Walmart Inc. is in modernized talks to sell a infancy interest in a U.K. grocery sequence Asda Group Ltd. to opposition J Sainsbury PLC, according to people informed with a situation, a pointer that a sell behemoth aims to revoke risk in one of a world’s many rival markets as internal players consolidate.

Such a understanding would emanate a U.K. food hulk with total income of about £50 billion ($68.9 billion), according to a latest accessible financial results.

Article source: https://www.wsj.com/articles/walmart-in-talks-to-merge-asda-with-u-k-grocer-sainsbury-1524924628

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