Reliance may acquire Metro AG's India business at a value of less than $500 million - Business News: Latest News & Videos about market and economy | Trendmergers

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Reliance may acquire Metro AG's India business at a value of less than $500 million

The move will help Reliance Retail – the retail unit of the conglomerate -- to consolidate its presence in the B2B trade segment which it has identified as one of its next big growth drivers and intensify its competition with Udaan, Amazon and Walmart-owned Flipkart. Reliance owns and runs the country’s largest retail business.

from Industry-Economic Times
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