German retail giant Metro Group is considering entering the Indonesian market through its wholesale cash-and-carry business.
A spokesperson for the company told just-food today (13 September): “Indonesia is a very interesting economy and certainly offers a perspective for the wholesale business of Metro Cash & Carry. However, no decision has yet been taken so far.”
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According to reports in the FT, a feasibility study to be considered by Metro’s board next month, will set out options to expand into Indonesia as a new entrant rather than by buying stores.
Alongside its first-half results in August, the company announced it was boosting its capex investment by EUR200m (US$256.2m) for 2010, planning to spend it on expansion in Asia and Eastern Europe.
Additionally, Metro revealed plans to enter two new markets in the fourth quarter, although at the time, it did not confirm which countries it would enter.
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