No asking price for Asda has been revealed, but the chain was valued at about £7 billion during the time of its planned merger with Sainsbury's in 2019.Two longtime UK retail executives are working with private equity groups on rival £6.5 billion bids for Walmart-owned Asda, according to a Sky News report.
After initial takeover talks paused in April, Walmart restarted discussions on the sale of a majority stake in July. A deal could be announced in September.Two of Britain's top retail bosses are working with private equity groups on rival £6.
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