Walmart Inc. plans to relist its Japanese supermarket subsidiary Seiyu to the stock market, according to reports. The move gains relevance amid speculations that U.S. retail giant may exit the tough Japanese market.
Walmart entered the Japanese market by acquiring a 6 percent stake in the then-struggling Seiyu in 2002 and gradually raised its holding in the supermarket chain before a full takeover in 2008.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com