Asda is a British supermarket chain owned by the American retail giant Walmart. As of 2018, Walmart owns a majority stake of 63.5% in Asda.
The remaining 36.5% is owned by a consortium of UK and US private equity firms.
Asda was founded in the 1960s by a group of farmers from Yorkshire, England. The company has since grown to become one of the largest Supermarkets in the UK, with over 600 stores across the country.
Walmart first acquired a minority stake in Asda in 1999, and increased its ownership to 50% in 2005. In 2015, Walmart announced its intention to buy the remaining 50% of Asda that it did not already own.
However, this deal was blocked by the UK’s Competition and Markets Authority on the grounds that it would lead to higher prices for consumers.
As a result, Walmart sold a minority stake in Asda to a consortium of UK and US private equity firms in 2018. The sale reduced Walmart’s ownership stake in Asda to 63.5%.
Conclusion:
How much does Walmart own of Asda? Walmart owns 63.5% of Asda as of 2018.
