date:Mar 20, 2014
Metro AG, Germanys largest retailer, delayed an initial public offering of its Russian Cash Carry unit amid turmoil in the region.
Market conditions arent currently appropriate to proceed, the company said today in an e-mailed statement, confirming an earlier Bloomberg News report.
We continue to pursue our plans for an IPO of Metro Cash Carry Russia, the company said in the statement, adding that the plans were always contingent on having appropriate conditions in the capital markets and t