
Photo: VCG
German wholesaler Metro AG’s Chinese operations are on the sales table once again, it seems.
Numerous interested parties are preparing second-round bids for the company, according a Reuters report that cited unnamed “people directly involved in the matter.”
Such a deal could value Metro’s China business at a minimum of $1.5 billion, multiple sources previously said.
The second push to sell off the China arm comes as e-commerce capabilities grow and tech giants move further into traditional brick-and-mortar spaces.
The rumored list of potential suitors for the possible sale included notable names: Alibaba, Boyu Capital, China Vanke, Hillhouse, Suning, Wumart, Primavera Capital, Yonghui Superstores and Tencent, Reuters said.
When might such a deal take place?
“Metro has asked a shortlist of bidders to submit non-binding offers by June 10,” the report said. “The whole process is likely to conclude in September.”
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