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Walmart sells majority stake in Japanese Seiyu supermarket

by Yuri Kageyama
| November 17, 2020 12:06 AM

TOKYO (AP) — U.S. retailer Walmart is selling off 85% of its wholly owned Japanese supermarket subsidiary Seiyu, while retaining a 15% stake, in a deal valued at 172.5 billion ($1.6 billion), the companies said Monday.

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