By  on August 7, 2014

BERLIN — Metro Group is selling its Cash & Carry business in Vietnam. Thailand’s Berli Jucker Public Company Ltd. will take over Metro’s complete wholesale business in Vietnam, including 19 Cash & Carry stores and the related real estate, for a value of 655 million euros, or $875.3 million at current exchange. 

Metro said the transaction, expected to be completed in the first half of 2015 pending regulatory approval, would increase its 2014-2015 fiscal-year earnings before interest and taxation by a “mid-three-digit million-euro range.” 

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