Germany’s Metro values Romanian business at EUR 225M
The Romanian operations of Germany’s group Metro are valued at EUR225 million, in line with data presented in a company report.
This relates to the value of Metro Cash & Carry Romania, the main legal entity held by the German group in Romania. The group also owns other entities, such as Metro Digital, but they do not have any trade activities.
This is the first time Metro provides a value for local operations, in line with ZF data. By edition close, the company’s officials did not answer ZF’s request for information regarding this value, namely did not specify whether it refers only to trade operations or to the real estate portfolio as well.
Metro Cash & Carry Romania boosted its turnover last year, thus continuing the upward trend registered during the first pandemic year, according to Adrian Ariciu, Metro Romania CEO.
The group ended 2020 with RON6.1 billion turnover, up 5% from 2019. This is the best RON result since the group entered the Romanian market in 1996.
The executive did not specify the growth pace, though.
Source: ZFEnglish
