Reliance, PremjiInvest, CP Group in race to buy Metro India unit
Mon, Jun 27, 2022 7:54 AM

Reliance, PremjiInvest, CP Group in race to buy Metro India unit

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Reliance Retail, Swiggy and Thailand’s largest conglomerate Charoen Pokphand (CP) Group are contending with PremjiInvest to acquire the Indian cash-and-carry operations of German retailer Metro AG. After Metro decided to exit the India business on May 20 by selling its local operations, at least 10 potential candidates have expressed their interest to bid for the Company.

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