date:Jan 22, 2014
n order to cut debt and raise money.
We expect a listing to enable us to expand our business in an even more dynamic way and to strengthen the balance sheet of Metro Group at the same time, Chief Executive Olaf Koch said in a statement.
Reuters have reported that Metro's supervisory board gave the green light for the company to proceed with IPO preparations last week.
In related news, Metro Group rejected bids for its Vietnamese cash and carry business earlier this month.
Our Vietnam busines