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Asda could be listed on the stock market after its merger with supermarket rival Sainsbury's was blocked by the competition authorities.

Judith McKenna, chief executive of Asda's owner Walmart, has told staff such a listing is being considered.

But, she told managers at an event in Leeds - where Asda is based - any listing could "take years".

It comes after the Competition and Markets Authority blocked its merger with rival Sainsbury's.

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BBC News

 

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