Germany’s Metro kicks off sale of China unit, valued up to $2b

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

German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at between $1.5 billion and $2 billion, two people with direct knowledge of the deal said.

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