The German wholesale group Metro puts a majority stake in its Chinese activities in the acquisition window. The parent company of, among others, Makro, would like to sell no more than 80 percent of its stake. How high that ultimately will depend on the level of the bid. The property portfolio of Metro in China may also be part of the deal, according to sources.

Metro only confirms that it is looking for a local investor who thinks about the strategy and helps boost growth. The wholesale group is going to do a round of potential buyers in the near future, and it is only when enough candidates have signed up that the negotiations will start. Metro does not yet name names and does not want to pin down on a timeline.

The network of Metro Chinese supermarkets comprises 95 stores and generated a turnover of 2.7 billion euros in the past year. Metro’s activities have a healthy profit margin and generate strong revenues, according to analysts at the Jefferies investment bank.

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