Reuters exclusively reveals Metro kicks off China unit sale, likely to fetch $2 billion valuation - Reuters News Agency
Politics

Reuters exclusively reveals Metro kicks off China unit sale, likely to fetch $2 billion valuation

German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids in a deal that would value the business at between $1.5 billion and $2 billion, Reuters reported exclusively. Metro, which owns 95 stores in China and real estate assets in major cities such as Beijing and Shanghai, is planning to offload a majority stake in its China business. Metro’s China business could be valued at up to $3 billion, according to two sources.

Article Tags
Topics of Interest: Politics
Type: Reuters Best
Sectors: Equities
Regions: Asia
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