Wholesale: Consolidation in India with the acquisition of Metro by Reliance

Featured image of the article Wholesale: Consolidation in India with the acquisition of Metro by Reliance
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5 January 2023 à 11h13

Updated on 9 January 2023 à 10h53

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1 minute

Publication: 5 January 2023 à 11h13, Updated on 9 January 2023 à 10h53

Reading time: 1 minute

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Publication

5 January 2023 à 11h13

Updated on 9 January 2023 à 10h53

Reading time

1 minute

Publication: 5 January 2023 à 11h13, Updated on 9 January 2023 à 10h53

Reading time: 1 minute

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On 22 December, Reliance Retail announced the acquisition of the Indian subsidiary of Metro AG (2021 sales of US$33.6 billion, up by 20% vs 2021) for US$344 million.

This acquisition, which should be finalised by March, is an opportunity for Reliance Retail. With turnover of US$930 million via 31 cash & carry stores in the last financial year, Metro India recorded its best results since it entered the market in 2003. In addition, the German wholesaler claims to have over 3 million B2B...

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