Mukesh Ambani’s Reliance to acquire METRO Cash & Carry India

METRO Buyout

Reliance Retail signed definitive agreements to acquire a 100% stake in METRO Cash & Carry India

METRO-Reliance Deal Size

The Reliance Industries arm will acquire METRO for a total cash consideration of Rs 2,850 crore

METRO-Reliance Deal Significance

With the acquisition, Reliance Retail gets access to a wide network of METRO India stores located in prime locations across key cities

Reliance Physical Footprint

The acquisition is seen as strengthening Reliance Retail’s physical store footprint

METRO India Scale Of
Operations

METRO India currently operates 31 large format stores across 21 cities with about 3,500 employees

METRO India B2B
customers

METRO India has over 3 million B2B customers in India, of which one million are frequently buying customers
 

METRO India financials

In the financial year FY22 that ended September 30, METRO India generated sales of Rs 7,700 crore or € 926 million

What Reliance Retail says

Reliance Retail Ventures expects the acquisition to offer a differentiated value proposition to small businesses in India

Isha Ambani on Metro
India's Acquisition

“Through this acquisition, Reliance Retail gets access to a wide network of METRO India stores located in prime locations across key cities, a large base of registered kiranas and other institutional customers, strong supplier network and some of the global best practices implemented by METRO in India."

Conditions Apply

The transaction is subject to certain regulatory and other customary closing conditions and is expected to complete by March 2023

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