Reliance Industries to purchase Indian operations of German retailer METRO AG’s business for about 500 million euros

In a transaction valued at roughly 500 million euros, Reliance Industries is prepared to buy German retailer METRO AG’s Cash & Carry business in India (Rs 4,060 crore). The acquisition includes 31 METRO Cash & Carry-owned wholesale distribution centres, land banks, and other assets. Reliance Retail, the largest retailer in the nation, will benefit from this and be able to increase its footprint in the B2B market.

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