Metro Cash & Carry

Reliance Retail opens Metro Cash & Carry stores; to continue wholesale biz

Last December, Reliance Retail Ventures acquired Metro Cash and Carry India for Rs 2,850 crore

METRO completes deal with Reliance to sell its India Cash & Carry business

German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio (6 store-occupied properties) to RRVL, said Metro AG in a statement. "METRO India will complement Reliance Retail's retail network in the future," it said. As per the deal, "all METRO India stores will continue to operate under the METRO brand during an agreed transition period." However, it also added, "For METRO employees and METRO customers, there will be no noticeable changes for the time being." Earlier on Dec 22 METRO and RRVL had announced the deal, as part of which billionaire Mukesh Ambani led firm will acquire German firm wholesale operations in India for Rs 2,850 crore. The deal will help Reliance Retail to strengthen its dominant position in ...

Reliance buyout of METRO Cash & Carry India gets CCI's clearance

METRO India began operations in India in 2003 and was the first company to introduce a cash-and-carry business format in the country

TMS Ep374: Bike taxi ban, METRO Cash & Carry, markets, EPFO's new scheme

Why are states opposed to bike taxis? Will METRO Cash & Carry get scale under RIL? Where to invest in this range-bound market? What are the changes in EPFO's pension scheme? All answers here

Reliance Retail may convert Metro Cash & Carry stores into B2B outlets

They may not be converted into hypermarkets and supermarkets as many are on city outskirts

Reliance Retail to acquire Metro Cash & Carry India for Rs 2,850 crore

The acquisition is expected to strengthen Reliance Retail's physical store footprint across the country

Top Headlines: Reliance to acquire METRO AG's India biz, Covid-19 alert

Business Standard brings you the top headlines at this hour

Reliance set to acquire METRO Cash & Carry India in 500 million euros deal

Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going to help Reliance Retail, the country's largest retailer, expand its presence in the B2B segment. Discussion between billionaire Mukesh Ambani-led Reliance Industries and METRO was going on for the past few months and last week the German parent firm agreed to the offer from Reliance Retail, they added. When contacted, both METRO and Reliance Industries declined to comment on the development. A Reliance spokesperson said, "Our company evaluates various opportunities on an ongoing basis." METRO AG's spokesperson said, "We do no comment on market rumour or speculations." METRO Cash & Carry's customers include retailers and kirana stores, hotels, restaurants

RIL's initial bid for Metro Cash & Carry India at Rs 5,600 crore: Report

Thailand's CP Group has placed a bid of about Rs 8,000 crore, or $1 billion, to acquire Metro Cash & Carry India

Top Headlines: Monsoon Session starts today; rupee's worst may soon be over

The Monsoon Session of Parliament will start on Monday and will see the election of a new President of India

Metro AG: In deal season, German cash & carry chain feels the heat in India

The low-profile German cash & carry chain is suddenly finding itself at the centre of controversy as negotiations for the sale of its India business get underway

Billionaires are vying for Metro's Indian wholesale unit: Report

Thailand's CP Group, Reliance have submitted non-binding bids, according to people familiar with the matter; Amazon is also considering entering the race with an offer

PE firm Lightspeed gets bid invite for Metro Cash & Carry's India ops

Lightspeed is the second PE fund approached by Metro AG, apart from Samara Capital, say sources

Best of BS Opinion: GDP grows 4.1% in Q4, cashing out of Asia, and more

Here are the top BS Opinion articles of the day

Cashing out of Asia

The German group has been completely focused on its European operations at a time when there have been quite a few setbacks

Top Headlines: Final race for Metro AG; govt's bid for IDBI sale, and more

The Centre is looking to woo top global investors for the sale of its stake in IDBI Bank as a team of senior government officials visits the US this week. Read more in our top headlines

RIL, Adani in three-horse race to strike a deal with Germany's Metro AG

In talks to buy a partial or full stake in German retailer's India unit

Top Headlines: Metro AG eyes India exit; CIL's slow growth, and more

Business Standard brings you the top headlines at this hour

Metro Cash & Carry may offer control to investor to fund expansion

Intends to raise $300-400 million as German parent unwilling to infuse fresh funds

German retailer Metro looking to sell India operations for $1.75 bn: Report

The German retailer operates 31 cash-and-carry stores across India