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METRO AG Metro-Straße 1 40235 Düsseldorf, Germany http://www.metrogroup.de
Company logo of METRO AG
METRO AG

METRO AG successfully completed majority stake sale in METRO China to Wumei

(PresseBox) (Düsseldorf, )

Transaction marks an important milestone for METRO in transforming into a fully focused Wholesale company
The sale is successfully executed despite onset of Covid-19
With >€1.5 billion in net cash proceeds, transaction of METRO China secures meaningful liquidity access and allows for flexibility in navigating the current challenges in the sector


METRO announced today that is has successfully completed the sale of a majority stake in METRO China to Wumei Technology Group in exchange for net cash proceeds of more than €1.5 billion. METRO AG will retain a 20% stake in METRO China to have continued exposure to a highly attractive market
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.