Reliance set to acquire METRO Cash & Carry India in 500 million euros deal

Reliance Industries is set to acquire German retailer METRO AG’s Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said.

The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said.

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