Metro AG sells Chinese assets

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16 April 2019 à 14h10

Updated on 10 May 2019 à 16h10

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1 minute

Publication: 16 April 2019 à 14h10, Updated on 10 May 2019 à 16h10

Reading time: 1 minute

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Publication

16 April 2019 à 14h10

Updated on 10 May 2019 à 16h10

Reading time

1 minute

Publication: 16 April 2019 à 14h10, Updated on 10 May 2019 à 16h10

Reading time: 1 minute

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The German retailer Metro AG, which owns 95 wholesale stores in China plus properties in Beijing and Shanghai has started to dispose of local operations in a deal estimated at €1.8 billion. Alibaba, Suning Holdings and supermarket chains Wumart and Yonghui would be amongst potential bidders. This sale is part of the reorganisation of the German group. Metro has completely restructured to refocus on the original core business of “cash-and-carry”. Kaufhof Department stores were sold an

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