Metcash takeover plan

 In Australia, Metcash/IGA, NewZealand

A consortium backed by a Chinese retailer is believed to have been planning a takeover of Metcash last year, when the target’s share price was about $1, sources have revealed to DataRoom.
While the name of the party is unclear, it was understood to be a consortium backed by a Chinese retailer, which was interested in Metcash because of its distribution channels as a wholesaler. The Daily Telegraph – Read more…

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