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Walmart Prunes Portfolio in Focus on Growth Markets

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Walmart Inc. is selling an 85 percent stake in its supermarket chain Seiyu to American private equity firm KKR & Co. Inc. and Japanese e-commerce platform Rakuten Inc. for $1.65 billion. The deal, once it closes in the first quarter of 2021 after garnering regulatory approvals, will have KKR—which made the purchase through its Asian…

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