Metro AG: During the transaction season, the German cash & carry chain feels the heat in India
The low-key German cash & carry chain suddenly finds itself at the center of controversy as negotiations to sell its India business begin
Metro AG | CAIT | Trust Industries
German chain Metro Cash & Carry may not have been in the spotlight in India all these years unlike US giant Walmart, but things have changed rapidly during the trading season. Duesseldorf-headquartered Metro AG began planning to sell its India business (fully or partially) more than a year ago at the height of Covid-19, but negotiations with bidders and potential investors have accelerated over the past two months or so. And suddenly, Metro became the center of controversy – ranging from an all-out battle between foreigners versus Indians to death threats against senior executives.
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First published: Sunday, July 17, 2022. 4:36 PM IST