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Retail magnet-METRO will regard China as key investing object

Retail magnet-METRO will regard China as key investing object

Write: Ankit [2011-05-20]

The report from German EMFIS (one website) show that the president of Jingjiang METRO Cash & Carry Co.,Ltd-Du Zhesi indicate that the third retail magnet-Germany METRO Group is planning to invest 75milion USD(about 0.6billion Yuan) to open 4 cash & carry marketplaces in Beijing. To simplify logistic procedure, METRO also plans to build a logistic center as logistic center in North.

He also showed that China will be Metro's key investing object. In future five years, METRO will speed the expanding in China and will open 6-10 marketplaces with average investment-0.15billion Yuan in China annually.

Until now, METRO have built 31 marketplace in 27cities and four distribution areas in North-China (Beijing), East-China (Shanghai), South-China (Guangzhou) and Middle-China (When), own over 2.9milliion specialized consumers and generated 7.546billion Yuan sale.

Besides, the report from <> that US Wal-Mart Group and Germany METRO declare in August.1 that METRO will take over 85 Wal-Mart super markets and 19 estates. But both sides have not disclosed finance detail.