Fosun International eyes up food distributor and retailer Metro
In this article (4)
Chinese international conglomerate and investment firm Fosun International is negotiating a US$500 million holding in German wholesaler Metro, according to a report.
The unconfirmed news about an acquisition that would see Fosun taking a 9 per cent holding in Metro has already boosted the firm’s share prices and may generate interest from other players, setting off a bidding war with other recent and potential investors in the firm.
While current and prospective stakeholders in Metro may be preparing to face off, Fosun remains committed to its global acquisitions strategy that has seen it review an average of 25 possible investments per day – more than 9000 in total – over the last year.
Fosun International currently owns 10 per cent in accessories retailer Folli Follie, resort Club Med, Canada’s Cirque du Soleil and the Malaysian-founded Secret Recipe cafe chain.
Questions & Answers
Q.What is Fosun International hoping to achieve with this investment in Metro?
What is Fosun International hoping to achieve with this investment in Metro?
Fosun International is negotiating a US$500 million holding in the German wholesaler Metro. This acquisition would see Fosun taking a 9 per cent holding in the firm.
Q.Has this potential acquisition had any immediate impact on Metro?
Has this potential acquisition had any immediate impact on Metro?
The unconfirmed news regarding Fosun International's potential acquisition has already boosted Metro's share prices. This could also generate interest from other players, potentially leading to a bidding war.
Q.Does Fosun International frequently make such investments?
Does Fosun International frequently make such investments?
Yes, Fosun International is committed to its global acquisitions strategy. They review an average of 25 possible investments daily, accumulating over 9000 reviews in the last year alone.
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