InvestorQ : Is the Reliance Metro AG deal finalized?
sarah Leo made post

Is the Reliance Metro AG deal finalized?

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Rashi Mehra answered.
2 weeks ago
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The deal is not yet finalized but reports do suggest that it is almost through. Reliance Industries may be all set to acquire Metro AG cash and carry business in India. In a transaction that is estimated to be worth approximately Euro 500 million, Reliance will get 31 wholesale distribution centres (WDC) of Metro plus the land bank and other assets. Now Reliance Retail can leverage the franchise of Metro and expand in B2B segment, where it sees real potential. The B2B business of Metro AG of Germany directly caters to institutional and wholesale buyers like the Kirana stores, hotels, restaurants, caterers, corporates and SMEs. Flipkart, through Wal-Mart India, is a leader in the cash and carry business in India.

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