Germany’s Metro may sell majority in Chinese venture to local bidder

A Metro AG logo sits on a sign beyond a delivery truck outside the company's wholesale food distribution depot in Weiterstadt, Germany, on Wednesday, April 25, 2018. Metro AG, the German food wholesaler, cut its profit and sales outlook for the year because of slowing business in Russia and higher costs to rejig the company after splitting off its consumer-electronics chain. Photographer: Krisztian Bocsi/Bloomberg

German food wholesaler Metro AG is considering selling a majority of its business in China to a local bidder, people familiar with the matter said.

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