Walmart restarts talks to sell a stake in Leeds-based Asda

Walmart said it has restarted talks to sell a stake in Asda.
Asda's head office is in Leeds.Asda's head office is in Leeds.
Asda's head office is in Leeds.

The US retail giant said it is in discussions with “a small number of third-party investors” who are interested in buying a stake in the Leeds-based supermarket chain.

A Walmart spokesman said: “Walmart and Asda have restarted conversations with a small number of third-party investors who are interested in acquiring a stake in Asda and partnering with Walmart, following renewed inbound interest.

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“The pandemic has demonstrated Asda’s resilience and the key role we play in supporting different communities.

“We have a clear strategy and a long heritage in delivering value for customers and with this in mind, we believe now is the right time to explore options for a third party to invest in our business to accelerate the long-term delivery of our value strategy, both in stores and online.

“There is no certainty that a transaction will happen and we will not be providing any further comments on these discussions.”

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