Walmart's Asda agrees $4.9 billion Rothesay Life pension deal

LONDON (Reuters) - Walmart's Asda has agreed a 3.8 billion pounds '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.The British supermarket group said the deal will be followed by a full buy-out of the scheme in late 2020 or early 2021 after it had paid a one-off final contribution of about $1 billion.Walmart CFO Richard Mayfield said the company was delighted to..