BBG: Walmart confirms it's ‘seriously’ mulling an IPO for Asda unit

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BLOOMBERG reports: “Walmart Inc. is mulling an initial public offering for its Asda unit, a listing that that could value the U.K. grocer at as much as an estimated 8.5 billion pounds ($11 billion). News of a possible float of Britain’s fourth-largest supermarket comes only weeks after U.K. antitrust regulators blocked a planned merger with rival J Sainsbury Plc.”

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