 "German retailer Metro looking to sell India operations for $1.75 bn: Report")
German retailer Metro AG is planning to exit the Indian market by selling its cash-and-carry operations for $1.5-1.75 billion, according to a news report.
The Economic Times reported that companies such as Amazon, Thailand's Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts, Tata Group, Lulu Group, and PE fund Samara Capital have been approached to buy the MNC's cash-and-carry operations in the country.
Metro AG has been present in India since 2003 and has been operating a chain of 31 cash-and-carry stores.
According to the report, JP Morgan and Goldman Sachs have been appointed to find a suitable buyer for Metro AG's business
