South African retailer Metro Cash & Carry has reportedly indicated it may consider offers for its 61% stake in Australian grocery wholesaler Metcash Trading.

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“We’re not going to give it away cheaply…we’re not going to go hocking it around the market. But if someone believed that they could add value and offered a good price, we’re not going to close the door to it,” a Metro spokesman was quoted by Dow Jones as saying.


According to an Australian media report, the comments come after Metro sold various assets in Africa to a management buyout consortium, Dow Jones News reported.

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