Conditions for food wholesale business in the country no longer favourable
Discontinuation of food service distribution by end of October 2021
METRO will assist its 131 local employees through the transition in a responsible manner
METRO expects a recurring uplift of €5 to €10 million in EBITDA
METRO has decided to discontinue its food service distribution business in Myanmar. The reason for this is the volatile investment and business environment in the Southeast Asian country, which is expected to continue for some time. After a successful start of METRO in 2019, the economic framework and prospects for METRO's professional customers have been hampered
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