Walmart said that the merger of its subsidiary in the United Kingdom, Asda, with rival retailer Sainsbury, has been blocked by the U.K. Competition and Markets Authority.
U.K. Blocks Merger Between Sainsbury, Walmart’s Asda
Walmart Completes Sale Of Brazil Business To Advent
Walmart and Advent International have completed Advent’s previously announced investment in an 80% equity stake in Walmart Brazil. Walmart has retained a 20% stake in the business.