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Metro to Leave Vietnam in $876 Million Berli Jucker Deal
date:Aug 11, 2014
at Exane BNP Paribas, said in a note to clients today. The sale nets Metro about 1.25 times the Vietnam units 516 million in sales, he said. It remains to be seen if Metro can repeat the sales multiple on a wider scale -- Vietnam was probably one of Metros least-developed markets.

Shares of Metro rose 0.7 per cent to 25.26 at 4 p.m. in Frankfurt. Metro has lost 28 per cent this year.

Metro Gain

For Metro, the sale of the Cash Carry business to Berli Jucker, a consumer-goods distributor, will

12/21 23:50