Walmart Considers Scaling Back Massmart Plans

Walmart Stores (WMT) may change its plans to buy South African retailer Massmart, choosing instead to take a majority stake in the company.

This would allow Massmart to maintain its listing on the Johannesburg Stock Exchange, The Wall Street Journal reported.

Sponsored Links

Walmart is now weighing up the option of buying a stake in Massmart greater than 50% of the company. The price would remain…