date:Aug 11, 2014
Metro has agreed to sell 19 Vietnamese stores to a Thai distributor as the German retailer withdraws from the country, part of its strategy to sharpen its focus and invest in improving performance elsewhere.
Metro is selling its wholesale stores in Vietnam to Thailands Berli Jucker for an enterprise value of 655 million ($876 million). Metro Chief Executive Officer Olaf Koch said the deal will further strengthen our balance sheet and allow the company to invest in growth.
Koch is trying to ove