Reliance sole bidder for Metro's India business, says report

Representatives for Metro and Reliance declined to comment, while a spokesperson for CP Group didn't immediately respond to requests for comment.

Reliance Industries Ltd. is in advanced discussions to acquire German firm Metro AG’s wholesale operations in India, according to people familiar with the matter, as the conglomerate led by billionaire Mukesh Ambani seeks to dominate India’s mammoth retail sector.
 

Charoen Pokphand Group Co. is no longer actively in talks with Metro, leaving only Ambani’s Reliance to pursue the so-called cash-and-carry business, the people said, asking not to be identified as the information is private. A final decision could emerge as early as next month, one of the people said. 

A deal could value the business at $1 billion to $1.2