A stock market flotation of Asda by Walmart, its American parent, is “two or three years away”, according to Roger Burnley, the British retailer’s chief executive.
In May, Walmart bosses said that they would explore a listing of the grocery chain in the wake of the collapse of its merger with Sainsbury’s. Analysts have estimated that Asda, which has 633 supermarkets and 145,000 staff, could be worth £8.6 billion.
A stock market flotation of Asda by Walmart, its American parent, is “two or three years away”, according to Roger Burnley, the British retailer’s chief executive.
In May, Walmart bosses said that they would explore a listing of the grocery chain in the wake of the collapse of its merger with Sainsbury’s. Analysts have estimated that Asda, which has 633 supermarkets and 145,000 staff, could be worth £8.6 billion.
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