Germany’s Metro has shortlisted four prospective bidders for its China business, including two of Mainland China’s largest retail groups.
The Metro China sale has been in planning since last September, with formal bids invited in March as the German retail giant looks to quit the challenging market.
Metro AG has invited Suning Holdings, Yonghui Superstores, Wumart stores and Meicai to submit bids before a deadline of late May, early June. Some of the bids may be lodged in partnership with private equity investors.
