
Walmart is in early discussions regarding the potential sale of its controlling stake in the UK supermarket chain Asda, according to a published report.
UK newspaper the Mirror reported that the mega-retailer was talking with a small number of interested parties about possibly investing in the business, along with itself, although no decisions have been made on any third-party investments.
Last year, Walmart said it was mulling a future stock market listing for Asda after its attempted merger with competing UK grocer Sainsbury’s was blocked by regulators, with future negotiations for such a deal also banned for another decade. The reasons given by regulators for blocking the merger were concerned that it would result in higher food and fuel prices and a poorer overall shopping experience.
Both Sainbury’s and Asda pushed back against the claims, countering that they would sell off supermarkets to maintain competition with rival food retailers and reduce prices on everyday items by about 10%.
According to the Mirror, Walmart believes that an IPO is an attractive long-term objective for Asda.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon