Walmart's Asda agrees $4.9 billion Rothesay Life pension deal
October 18, 2019 at 09:23 AM EDT
Walmart's Asda has agreed a 3.8 billion pounds ($4.9 billion) 'buy in' with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing.