German wholesaler Metro starts search for partners in China business
German wholesaler Metro starts search for partners in China business
Bloomberg had reported that Metro was working with banks Citi and JP Morgan on reviewing options for its China unit, including selling a minority stake or finding a strategic partner.
Metro runs 93 stores in China and reported like-for-like sales up 2.9 percent in Asia in the first nine months of its 2017/18 financial year.
Once a sprawling retail conglomerate, Metro has been restructuring in recent years to focus on its core cash-and-carry business, selling its Kaufhof department stores and then splitting from consumer electronics group Ceconomy .
Analysts have speculated that the revamp could go further since Czech investor Daniel Kretinsky took a stake in the company, which last month announced plans to sell its struggling Real hypermarket chain.
(Reporting by Matthias Inverardi
Writing by Emma Thomasson
Editing by David Goodman)
((+49 30 2888 5081; Reuters Messaging:
emma.thomasson.thomsonreuters.com@reuters.net)
DUESSELDORF, Germany, Oct 24 (Reuters) - German wholesaler Metro is talking to banks about finding a partner for its China business, a spokesman said on Wednesday, confirming a report by news agency Bloomberg.
Bloomberg had reported that Metro was working with banks Citi and JP Morgan on reviewing options for its China unit, including selling a minority stake or finding a strategic partner.
Metro runs 93 stores in China and reported like-for-like sales up 2.9 percent in Asia in the first nine months of its 2017/18 financial year.
Once a sprawling retail conglomerate, Metro has been restructuring in recent years to focus on its core cash-and-carry business, selling its Kaufhof department stores and then splitting from consumer electronics group Ceconomy .
Analysts have speculated that the revamp could go further since Czech investor Daniel Kretinsky took a stake in the company, which last month announced plans to sell its struggling Real hypermarket chain.
(Reporting by Matthias Inverardi
Writing by Emma Thomasson
Editing by David Goodman)
((+49 30 2888 5081; Reuters Messaging:
emma.thomasson.thomsonreuters.com@reuters.net)
10 月 24 日,德國杜塞爾多夫(Reuters)-德國批發商 Metro 正在與銀行談論尋找其中國業務的合作夥伴,週三,確認新聞社彭博社的報告。
彭博報導稱,新城正在與花旗銀行和摩根大通銀行合作,審查其中國單位的期權,包括出售少數股權或尋找戰略合作夥伴。
Metro 在中國擁有 93 家門店,在 2017/18 財政年度首九個月,亞洲銷售額類似增長 2.9%。
Metro 曾經是一個龐大的零售集團,近年來一直重組,專注於其核心現金和運載業務,出售其 Kaufhof 百貨公司,然後從消費電子產品集團 Ceconomy 分裂出來。
分析人士推測,自捷克投資者丹尼爾·克雷廷斯基(Daniel Kretinsky)對該公司的股份以來,該公司上個月宣布計劃出售其掙扎的真正大賣場鏈。
(由馬蒂亞斯·因弗拉爾迪報告
由艾瑪·湯馬森寫作
由大衛·古德曼編輯)
(+49 30 2888 5081; 路透社訊息系統:
emma.thomasson.thomsonreuters.com@reuters.net)
譯文內容由第三人軟體翻譯。
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