Metro Delays IPO Of Russia Cash & Carry Unit Amid Market Turmoil
date:Mar 20, 2014
hat in light of the recent political developments, this is currently not the case.

Metros move to push back the offering, which analysts at Nomura had estimated could value the unit at 7 billion euros ($9.7 billion), follows weeks of political instability in the region that has led to the Russian annexation of Crimea. The ruble has fallen about 10 percent against the euro this year amid the worst diplomatic crisis since the cold war.

Metro, which operates Galeria Kaufhof department stores and
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