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Walmart says it may sell off part of Asda, its UK supermarket chain, after "inbound interest" in the idea. The US retail giant said it was talking to a "small number of interested parties" about a possible deal. It comes after UK regulators blocked Walmart's plan to merge Asda with Sainsbury's last year due to competition concerns. Walmart said it would retain a significant stake in Asda if it did sell shares in the business. "Asda is a great business with a clear strategy for the future and Walmart is committed to ensuring it has the resources and support it needs to deliver that strategy," Walmart said in a statement. "No decisions have been made and we will not be commenting further on... Full story

26 February