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Cornerstone Blog A majority stake in Metro sold to Wumei Technology Group in 1.5b euro deal

A majority stake in Metro sold to Wumei Technology Group in 1.5b euro deal

May 4, 2020 by Cornerstone International Group Leave a Comment

German wholesaler Metro announced on Thursday that it has 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 euros.

Wumei now holds an 80 percent stake under the new ownership structure and METRO AG holds 20 percent in Metro China. The transaction values Metro China at an enterprise value of 1.9 billion euros.

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Filed Under: Cornerstone Blog Tagged With: executivesearchinchina, newsandresources

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