AUSTRALIA: Metcash mulls acquisition in Asia-Pacific
Australian wholesaler and liquor retailer Metcash Trading is considering spending up to A$60m (US$33.42m) on acquisitions in the Asia-Pacific region. The group has already stated that it hopes to add A$1bn to its annual sales by 2004-5, a clear indicator of acquisition plans. Metcash is looking at two possible acquisitions in two different countries in the Asia-Pacific region, CEO Andrew Reitzer told the ABC's Business Breakfast Programme.
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