LONDON — Wal-Mart wants another piece of British retailing.

Confirming rampant speculation, the world’s largest company on Tuesday announced it is interested in making an all-cash offer for U.K. food retailer Safeway. Tony De Nuzio, president and chief executive of ASDA, the U.K.’s third largest retailer and part of the Wal-Mart empire, said in a statement his ambition is "getting stores in parts of the country where we’re underrepresented."

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