InvestorQ : Can you tell me about RIL buying out Metro AG?
Katherine Gonsalves made post

Can you tell me about RIL buying out Metro AG?

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rhea Babu answered.
1 month ago
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Reliance is in talks to acquire the German specialist in wholesale operation and cash and carry business; Metro AG. It is planning to exit India operations. Among the bidders, the only company left in the fray is Reliance, which wants to use the Metro franchise to push its cash-and-carry business. The business is likely to be valued at $1.2 billion, even as more details of the deal are yet to emerge. Metro had actually entered Indian market in 2003 and currently operates 31 wholesale distribution centres across India. The company largely caters to institutional clients and that fits into the larger plans of Reliance on retail space.
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