The retail group Metro is separating from its business in India. The buyer is Reliance Retail Ventures, as the SDax company announced late Wednesday evening. The transaction valued Metro India at EUR 300 million, it said. Assuming constant exchange rates, Metro expects a profit of around 150 million euros and earnings per share from the sale.
According to the information, Metro India comprises 31 stores in 21 Indian cities and the real estate portfolio, which comprises 6 stores. In the past financial year 2021/22, sales were 926 million euros. Earnings before interest, taxes, depreciation and amortization (Ebitda) were in the low double-digit million euro range.
Despite the sale, Metro confirmed the outlook for sales and Ebitda for 2022/23 as well as the medium-term targets. The share price did not react to the news. (dpa)