Mukesh Ambani’s Reliance to acquire METRO Cash & Carry India

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METRO Buyout

Reliance Retail signed definitive agreements to acquire a 100% stake in METRO Cash & Carry India [{ "selector": ".eqqnx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 411px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

METRO-Reliance Deal Size

The Reliance Industries arm will acquire METRO for a total cash consideration of Rs 2,850 crore [{ "selector": ".lcsxo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-215.10932567866166px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

METRO-Reliance Deal Significance

With the acquisition, Reliance Retail gets access to a wide network of METRO India stores located in prime locations across key cities [{ "selector": ".iuomb-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 426px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Reliance Physical Footprint

The acquisition is seen as strengthening Reliance Retail’s physical store footprint [{ "selector": ".ekoja-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 451px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

METRO India Scale Of
Operations

METRO India currently operates 31 large format stores across 21 cities with about 3,500 employees [{ "selector": ".oauxi-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 445px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

METRO India B2B
customers

METRO India has over 3 million B2B customers in India, of which one million are frequently buying customers [{ "selector": ".xgssj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 423px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

METRO India financials

In the financial year FY22 that ended September 30, METRO India generated sales of Rs 7,700 crore or € 926 million [{ "selector": ".jfaex-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 423px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

What Reliance Retail says

Reliance Retail Ventures expects the acquisition to offer a differentiated value proposition to small businesses in India [{ "selector": ".ucnrw-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 420px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Isha Ambani on Metro
India's Acquisition

“Through this acquisition, Reliance Retail gets access to a wide network of METRO India stores located in prime locations across key cities, a large base of registered kiranas and other institutional customers, strong supplier network and some of the global best practices implemented by METRO in India." [{ "selector": ".mjuts-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 337px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Conditions Apply

The transaction is subject to certain regulatory and other customary closing conditions and is expected to complete by March 2023 [{ "selector": ".egrbx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 416px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

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