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

default_image

© Khunaspix Dreamstime.

By LoadstarEditorial

15/05/2019

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.”

To read the full story, please click here.

Comment on this article

You must be logged in to post a comment.

Topics

Asda Walmart Seeking Alpha

Most read news

Etail by air – here to stay or on a short shelf life?

HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

The rise and rise of China's ecommerce platforms

Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban

Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali

DSV chief reticent on Schenker: the focus on growing market share

Another strong month for US ports as container flows continue to rise

MSC redeploys 'Israel-linked' box ships away from Persian Gulf

Boxes piling into Mexican ports – but then piling up

Liners add capacity to Asia-ECSA as ocean rates hit 18-month high

K+N looks past Q1 revenue drop to improved margins from restructure

US intermodal picking up steam as trucking woes continue

Schenker, what Schenker? DSV boss talks up options – yes, Sir!

No summer siesta for airfreight

Air Canada Cargo adds freighter service to Chicago

Plateauing Kuehne + Nagel still rules but isn't liked very much