Metro to sell majority stake in Chinese unit to Wumart

Metro to sell majority stake in Chinese unit to Wumart

A Metro AG store stands in Shanghai, China, on Wednesday, March 20, 2019 Photographer: Qilai Shen/Bloomberg

German wholesaler Metro has agreed to sell a majority stake in its Chinese operations to local retailer Wumart, continuing a drive to simplify its business and focus on its core customers in the hospitality industry.

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