Metro AG buys Singapore's Classic Fine Foods for $290m

Metro AG buys Singapore's Classic Fine Foods for $290m

Visual from the homepage of Classic Fine Foods website

Metro AG, Germany’s largest retailer, said Thursday, it had reached a deal to buy Singapore headquartered Classic Fine Foods Group, a supplier of gourmet products in Asia, from private equity firm EQT, at an enterprise value of $290 million and an additional payment of as much as $38 million depending on the company’s performance.

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