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Walmart pulls out of UK grocery market with TDR’s $8.8 billion Asda deal

(Bloomberg)—Walmart Inc., No. 3 in the 2020 Digital Commerce 360 Top 1000, is pulling out of the cutthroat U.K. grocery market after 21 years, agreeing to sell control of grocer Asda to TDR Capital and two brothers who made their wealth in gas stations. In a deal that values Asda at 6.8 billion pounds ($8.8 […]

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