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Metro Group Sells Vietnam Wholesale Business To Thailand's TCC

January 7, 2016: 12:00 AM EST
Metro Group said it has completed the sale of its Cash & Carry wholesale business in Vietnam to Thailand-based TCC. TCC Land International Pte. Ltd. paid €400 million for the deal, which covers all of the retailer’s 19 wholesale stores and the related real estate portfolio with an enterprise value of €655 million. Metro Group launched its cash & carry wholesale business in Vietnam in 2002, with its local unit reporting sales of €507 million in financial year 2014-2015.
"METRO GROUP completes sale of METRO Cash & Carry Vietnam to TCC", METRO GROUP, January 07, 2016, © METRO GROUP
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