The divestment strengthens METRO’s financial position and becomes landmark in portfolio rationalisation
Equity valuation of approx. €0.3 billion, resulting in transaction EBITDA gain of approx. €150 million, EPS gain of approx. €0.3 and cash proceeds of €0.3 billion, to be booked in Q3 2022/23
Use of cash proceeds will follow sCore capital allocation frame
METRO confirms sales and EBITDA adjusted outlook for FY 2022/23 and mid-term ambitions
METRO AG has announced today that it has successfully completed the sale of its Indian operations, including all 31 wholesale stores and the entire real estate portfolio (6 storeoccupied properties), to Reliance Retail Ventures Limited
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