Walmart Debating IPO for British Supermarket Arm Asda
Walmart confirmed it is considering an initial public offering for its British supermarket arm Asda after its proposed merger with Sainsbury’s was nixed by UK regulators. Judith McKenna, CEO of Walmart International, told Asda employees at a mid-year meeting that the company didn’t have a fit-the-mold approach to how it handles its international business.
However, she added: “While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO – a public listing – to strengthen your long-term success.”
Read more at CNBC.