Metro plans to split to boost com­pany’s value

China Daily (Canada) - - BUSINESS -

Ger­man re­tail­erMetro AG is split­ting its food op­er­a­tions from its con­sumer-elec­tron­ics unit, creat­ing two dis­tinct listed com­pa­nies is a move to cap­ture more. The sep­a­ra­tion will take place by the mid­dle of next year. Real hy­per­mar­kets and Cash & Carry food whole­sale stores would be spun off from theMe­di­aMarkt and Saturn elec­tron­ics chains. The re­tailer has spent four years clean­ing up its port­fo­lio by di­vest­ing as­sets in Greece, Tur­key and Viet­nam, cul­mi­nat­ing in last year’s sale of its Kaufhof depart­ment-store chain.

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