Walmart in talks to sell majority stake in its largest overseas market

Sainsbury has expanded aggressively into convenience stores and is focused on the south of England around London while Asda has more large supermarkets spread across the country’s north

Consolidation among the big four supermarkets - Tesco, Sainsbury's, Asda and Morrisons - has previously been unthinkable because of competition concerns, but the retailers are said to have been emboldened after the Competition and Markets Authority (CMA) waved through the merger of Tesco and Booker, the UK's biggest retailer and grocery wholesaler.

The combined company would have 2,800 stores.

Asda has about a 15.6% share of the United Kingdom grocery market, Kantar estimates, a figure that has been steadily eroding for the past two years, while Sainsbury's has around 15.8%.

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But even before the misconduct allegations arose, Jackson's lack of management experience had become an issue in the Senate. He also commented that he "did not expect to have to dignify baseless and anonymous attacks on my character and integrity".

Another uncertainly is how Wal-Mart and Sainsbury's would gain approval from the Competition and Markets Authority. Two said Walmart would be the biggest shareholder, with a stake of around 40 percent.

Sainsbury's and ASDA are in advanced talks about a merge that would create a more powerful rival to United Kingdom market leader Tesco, it has been reported.

A deal could come as early as Monday, according to Sky News, which didn't disclose its sources. There are a multiple media reports that suggest the sale would leave Walmart with a significant stake in Sainbury's via new shares in the London-headquartered retailer. Sainsbury's has expanded aggressively into convenience stores and is focused on the south of England around London, while Asda has more large supermarkets spread across the country's north. "There are many, many hurdles and the deal has to work for both sides of the pond".

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Joseph said Chubb will be an outside linebacker in Denver's base defense. "But I'm thrilled to be there". Denver has until May 3 to decide whether to pick up the fifth-year option on Ray's rookie contract.

Kantar Worldpanel, a retail research firm, puts Tesco's market share at 27.6 percent, followed by Sainsbury's at 15.8 percent and Asda at 15.6 percent. In April 2016, it announced a £1.4 billion takeover of Argos, which led to better than expected results the following Christmas.

Asda stores would continue to trade under their own brand separate from the more upmarket Sainsbury's, the sources said.

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