Walmart is planning to sell Japanese supermarket chain Seiyu in a deal that is expected to be worth $2.7 billion to $4.5 billion, according to CNBC.
The U.S. retail giant already has approached private equity funds and major retailers that may be interested in buying Seiyu. The company has faced more competition from online retailers in Japan and less consumer spending.
Walmart recently sold 80 percent of its Brazilian operations and has sought to invest in higher growth markets, such as China and India.