Metro intends to sell its Chinese business to Wumart to retain a 20percent stake in the joint venture.

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 Metro intends to sell its Chinese business to Wumart to retain a 20percent stake in the joint venture.


Metro will retain a 20% stake in Metro Wumei China Joint Venture in the future, and the completion of the deal is subject to regulatory approval. Metro claims that the partnership will include the sale of all Metros indirect stake in Metro China to a Wumart subsidiary with a business value of 1.9 billion euros. (Lu Tou)

Source of this article: 36 Sections Responsible Editor: Qiao Junjing_NBJ11279