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Billionaires Are Vying for Metro’s Indian Wholesale Unit

  • Thailand’s CP Group, Reliance have submitted non-binding bids
  • Amazon is also considering entering the race with an offer
A Metro AG wholesale store in Bangalore, India. 

A Metro AG wholesale store in Bangalore, India. 

Photographer: Namas Bhojani/Bloomberg

Updated on

Charoen Pokphand Group Co. and Reliance Industries Ltd. are among suitors for German retailer Metro AG’s wholesale operations in India, according to people familiar with the matter, as the companies seek to deepen their retail portfolio in one of the world’s largest consumer markets.

The Thai conglomerate controlled by tycoon Dhanin Chearavanont and its Indian counterpart backed by billionaire Mukesh Ambani have submitted non-binding bids, the people said. Amazon.com Inc., whose founder Jeff Bezos is the world’s second richest man, is also considering lodging an offer, the people said.