Reliance may retain Metro India's top management post-acquisition: Report

The acquisition includes 31 wholesale distribution centres, land and other assets owned by Metro

Days after it became known that Reliance Industries was set to acquire Metro AG's wholesale business in India, a report in Mint said that the German retailer believes RIL will retain the company's current management after the deal is officially signed by the end of this month.

The report, citing people familiar with the Rs 4,060-crore deal, also said that Metro AG considered the ability of Reliance Retail, the country's largest retailer, to safeguard the employees' interests and get quick regulatory approvals.

The company's India subsidiary has about 5,000 employees on its rolls.

"The deal is on and it will