You are here: Home » Reuters » News
Business Standard

Walmart plans to sell Japanese supermarket chain Seiyu: Nikkei

Reuters  |  TOKYO 

TOKYO (Reuters) - U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday.If realised, the sale could amount to around 300 billion to 500 billion yen ($2.7 billion to $4.5 billion), the Nikkei said, without citing its sources.Walmart said it does not comment on market speculation.The world's biggest retailer said last month it had sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, July 12 2018. 06:22 IST
RECOMMENDED FOR YOU