China's Fosun said to be in talks to buy stake in retailer Metro

China's Fosun said to be in talks to buy stake in retailer Metro

An employee drives a pallet truck down an aisle while collecting orders inside a Metro AG wholesale food distribution depot in Weiterstadt, Germany. Photographer: Krisztian Bocsi/Bloomberg

China’s Fosun International Ltd. is in talks to buy a 426 million-euro ($500 million) holding in beleaguered German wholesaler Metro AG from Ceconomy AG, according to people with knowledge of the matter. Metro’s shares jumped.

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