Business Standard

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

Metro AG
Premium

For Adani, a deal with Metro would mean a new front to take on rivals

Nivedita Mookerji New Delhi
Three business houses are likely to be in the final race to strike a deal with Germany’s Metro AG for investing in its India unit -- Metro Cash & Carry. Industry sources in the know named Reliance, Adani Group, and Thailand’s conglomerate Charoen Pokphand (CP) as potential frontrunners to acquire a partial or full stake in the Gurugram-headquartered Metro Cash & Carry, which has 31 stores and 5,000 direct employees.

Around 20 companies, including strategic and private equity investors, were approached by the German chain, inviting them to bid for the Indian wholesale business, according to a source aware of the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 30 2022 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com