India. Metro sells to Reliance Retail for €320 million

Featured image of the article India. Metro sells to Reliance Retail for €320 million
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6 June 2023 à 16h57

Updated on 12 June 2023 à 19h10

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Publication: 6 June 2023 à 16h57, Updated on 12 June 2023 à 19h10

Reading time: 1 minute

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Publication

6 June 2023 à 16h57

Updated on 12 June 2023 à 19h10

Reading time

1 minute

Publication: 6 June 2023 à 16h57, Updated on 12 June 2023 à 19h10

Reading time: 1 minute

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On May 11, 2023, Metro AG announced a sale of Indian wholesale operations to Reliance Retail for €320 million. Assuming constant exchange rates, the German cash & carry specialist expects to make a profit of €150 million from the transaction. Metro had been selling in India for 20 years and owns 31 wholesale stores and six properties occupied by stores. The sold stores will retain the Metro brand during an agreed transition period.

At a time when competition in India was becoming too intense, t

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