Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Walmart resumes Asda sale talks

Walmart resumes Asda sale talks

Tue, 21 Jul 2020 | BUSINESS SALE



American grocery giant Walmart has said it has revived talks over a potential sale of its UK supermarket chain Asda. Walmart was previously seeking to sell Asda, as we reported here, before these plans were put on hold to allow the company to navigate the COVID-19 pandemic.

At the time, Apollo Global Management, Lone Star Funds and TDR Capital (reportedly working with EG Group on its bid) were all reported to have submitted first round offers and been invited to the next bidding stage of a deal that would potentially have valued Asda at over £7 million.

In a statement, Walmart said: “Walmart and Asda have restarted conversations with a small number of third-party investors who are interested in acquiring a stake in Asda and partnering with Walmart, following renewed inbound interest.”

“Now is the right time to explore options for a third party to invest in our business to accelerate the long-term delivery of our value strategy, both in stores and online.” The company added that there was “no certainty that a transaction will happen”.

The company added that the COVID-19 pandemic had "demonstrated Asda's resilience and the key role we play in supporting different communities".

Walmart has been seeking to scale back its UK presence for several years as it looks to refocus on high-growth international markets such as India. Last year, a proposed merger of Asda, which Walmart acquired for £6.7 billion in 1999, with J Sainsbury was blocked by the UK’s Competition and Markets Authority.

Asda has 639 UK outlets, including 340 superstores. It has suffered disappointing sales over recent years, as the success of discount supermarkets Aldi and Lidl have threatened its status as the discount option among the UK’s “Big Four” supermarkets, alongside Tesco, Sainsbury’s and Morrisons.

In its most recent accounts, to the year ending December 31 2018, Asda reported profits of £391 million, up £90 million from a year earlier, with total assets valued at close to £5.5 billion.


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Football Equipment Retailer
North West, UK

E-commerce retailer of football equipment to schools football clubs & the general public. Key products include specialist training equipment footballs goals & other coaching materials.

Asking Price: Offers Invited
Turnover: £2,350,000

Manufacturer of Hot Beverages
North East, UK

Rapidly growing hot beverage brand utilising novel infusion process technology. Products are infused & packaged in-house then sold to an established retail base including UK supermarkets over 30 export markets & direct to customer online sales.

Asking Price: Offers Invited
Turnover: £7,881,000

Regional Kitchen Retailer With Outstanding Showrooms
West Midlands, UK

Founded in the 1990s, this substantial business is a significant premium regional kitchen retailer, located in the West Midlands. In addition to two outstanding showrooms, the business also has a significant contracts division.

Asking Price: £800,000
Turnover: £2,600,000


View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS

According to the most recent Red Flag Alert research from Be...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
17
 
Mar
 

Walmart closing in on Asda sale | BUSINESS SALE

American retail giant Walmart is closing in on a sale of UK ...

 
08
 
Aug
 

Walmart heirs favourites to buy £200m cycling brand Rapha | BUSINESS SALE

Upscale British cycling brand Rapha is set to be sold to a p...

 
07
 
Mar
 

Owners of David Lloyd gym chain ‘readying for sale’ | BUSINESS SALE

The private equity owners of the David Lloyd gym chain are p...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.