With the upcoming disposals of the Chinese operations and Real, Metro Group will be better placed to focus on its core wholesale business. Disposals underway The sales of Metro China has been confirmed, with partner Wumei taking a majority stake. Metro Group is expected to receive over €1bn in net proceeds once the deal is completed. Metro has also confirmed that it is in exclusive talks ov...

Metro Group reports its Q4 sales, which grew by 3.9% to €7.6bn (2.7% on a constant currency basis) and its full year sales which were up by 1.5% to €29.9bn (2.5% on a constant currency basis). Sales by region In Germany, Metro's domestic market, Cash & Carry sales were up 0.6% on a like for like basis, with sales in Western Europe up 2.2% (2% constant currency basis), driven primarily by Po...

Metro China has agreed to sell a majority stake to Wumart. Metro China will retain 20% stake Metro China kicked off the official selling process in March earlier this year. In May, eight companies were shortlisted as prospective bidders . Metro has released a statement, “this partnership includes the sale of Metro’s entire indirect participation in Metro China to a subsidiary of Wume...