Finding a buyer may be toughest task for Walmart

Sunday Times Business

As speculation gains traction that Walmart is selling off its anchor shareholding in its African partner Massmart, industry pundits are concerned that finding an investor with enough funds to take over may prove difficult.

However, Joseph Feldman, a senior MD at Telsey Advisory Group in New York, said although he hadn’t heard anything specific from Walmart about a possible sell-off, “Walmart is more of a harvest story as opposed to a growth story”.

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