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Wumart wins bidding war for Metro China - retailnews.asia
...Chinese retail group Wumart has won a lengthy bidding process for the Metro China business. The German grocery and hypermarket retailer commenced a search for a buyer for the business in March, with various sources reporting an asking price of between US$1.5 billion and $2 billion....
https://retailnews.asia/wumart-wins-bidding-war-for-metro-china
Wumart's Thirty Years: From Innovative Retail to Rebirth in ... - ???
...In 2019, Wumart Group successfully acquired 80% of Metro China's equity for RMB 18 billion and reached a joint venture agreement with Metro Group, with Wumart holding a controlling stake and Metro retaining a 20% stake. This acquisition enabled Wumart to acquire Metro's core assets in China, including nearly 1.2 million square meters of commercial real estate and an integrated logistics ......
https://inf.news/en/economy/9a363a59b5d0cf3a77b23e25a0a702e0.html
Wumart, Yonghui in final race to buy Metroâ??s China business
...Bloomberg Chinese supermarket operator Wumart Stores Inc and an investor group backed by rival Yonghui Superstores Co are among suitors that proceeded to the final round of bidding for German food wholesaler Metro AGâ??s China business, people with knowledge of the matter said. Yonghui has teamed up with Hillhouse Capital, according to the people, who ?...
https://gulftime.ae/wumart-yonghui-in-final-race-to-buy-metros-china-business/
Metro supports the performance, tells more stories, Wumart ... - ???
...Note: Wumart's revenue data has excluded the influence of Metro. Sun Art's retail statistics refer to the number of hypermarkets Wumart's revenue in 2018, 2019 and 2020 will be 21.378 billion yuan, 22.747 billion yuan and 24.583 billion yuan respectively. Whether it is the overall revenue scale or the performance of a single store, the gap between Wumart and its two major competitors is not ......
https://min.news/en/economy/e831994b5de50c0aac08d719ef7af47b.html
Behind Metro Supply Chain's breakthrough, the capital game of Wumart ...
...Metro Supply Chain recently submitted its listing application documents to the Hong Kong Stock Exchange again. Wumart acquired 100% equity of Metro China's entity in 2020 for 4.711 billion yuan and 1.593 billion euros in cash. Based on the current exchange rate of 7.5469 yuan per euro, the total cost may be 16.733 billion yuan. Subsequently, Metro's original controlling company acquired a 20. ......
https://longbridge.com/en/topics/26549903
Metro Supply Chain enters the Hong Kong Stock Exchange ... - ???
...In April 2020, Zhang Wenzhong "beat" Suning, Yonghui and other peers, relying on Wumart Technology Company to acquire 80% of Metro China's equity, making the latter its subsidiary. After the transaction was completed, it owned the two major brands of "Wumart" and "Metro"....
https://inf.news/en/economy/c93807e0dfb173044e19a39e220ac75f.html
Wumart leads in bidding for Metro's China business
...China's retail chain Wumart Store has become the front runner to purchase a majority stake in German retailer Metro's China operations, Reuters reported. Previously it was reported that Alibaba and Tencent-backed Yonghui Superstores participated in bidding for the 1.5 billion to 2 billion business....
http://www.nbdpress.com/articles/2019-10-11/7846.html
The Battle of the Aisles: China?s Supermarket Giants Compete for Market ...
...Meanwhile, Wumart, which acquired Metro China in 2020, is repositioning itself as a value-focused yet modern grocery provider for China?s growing second- and third-tier cities....
https://internationalsupermarketnews.com/the-battle-of-the-aisles-chinas-supermarket-giants-compete-for-market-domination/
METRO is sold, can the things Yonghui can't do beautifully?
...After winning the bid, Metro's 95 shopping malls in 59 cities in China, as well as Wumart supermarkets and convenience stores across the country, will become the front positions for Wumart's B2B business....
https://news.futunn.com/en/post/3984468/metro-is-sold-can-the-things-yonghui-can-t-do
Metro to sell majority stake in chinese Business to Wumart
...Metro will retain a 20% stake in the Metro Wumart China joint venture, and receive proceeds of ?1 billion, the German retailer said, adding the deal was subject to scrutiny from regulators....
https://www.rli.uk.com/metro-to-sell-majority-stake-in-chinese-business-to-wumart/
Exclusive - Metro kicks off China unit sale, likely to fetch $2 billion ...
...Metro's China business could yet be valued at up to $3 billion, said two separate sources with direct knowledge of the matter. Potential bidders include electronics retailer Suning Holdings Group, supermarket chain operators Wumart Stores Inc and Yonghui Superstores, according to three of the people....
https://au.marketscreener.com/quote/stock/YONGHUI-SUPERSTORES-CO-LT-7720247/news/Exclusive-Metro-kicks-off-China-unit-sale-likely-to-fetch-2-billion-valuation-sources-28191085/
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