China Resources Vanguard Supermarket, a unit of China Resources Enterprise Ltd, is in talks to take a stake in a supermarket chain joint venture between Wal-Mart Stores Inc and Shenzhen International Trust Investment Co Ltd, the official Shanghai Securities News reported, citing sources close to the deal.

Wal-Mart holds a 65 pct stake in the joint venture with an investment of 185 mln usd while Shenzhen International Trust holds the remaining equity.

The source said China Resources Vanguard may buy a stake in the supermarket chain by acquiring the equity interest held by the Shenzhen firm.

(For more biz stories, please visit Industry Updates)