German retailer Metro Group has rejected unsolicited offers for its cash-and-carry arm in Vietnam.

Speaking to just-food, Metro said it was approached with a bid for the Vietnam business. According to press reports, the offer was in the region of $500m from Thailand’s CP Group. Metro refused to be drawn on the value of the offer and the identity of the bidder.

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“We have dismissed these offers,” confirmed the spokesperson who highlighted the offers were “checked as a matter of form”.

Metro is one of the biggest employers in Vietnam, with 19 cash-and-carry wholesale centres in cities like Ho Chi Minh City and Hanoi. At present, its Vietnamese operation employs 5,000 people.

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