Metro Cash&Carry Romania representatives said they cannot provide further information related to the price of the transaction, which was carried out in November.
Metro entered the local market in 1996, through a partnership with Ion Tiriac. In 2009, minority shareholders of Metro Cash & Carry Romania got the right to sell their stakes to the German group for a preset price (put option, e. n.).
In the first half of the year, Tiriac also sold his 45% owned in UniCredit Tiriac Bank to Italian group, thus UniCredit Tiriac Bank changed its name into UniCredit Bank.
Metro reported sales of EUR892 million for the Romanian operations for financial year 2014/2015 ended in September, down from EUR909 million in the previous financial year.
Metro Cash&Carry Romania has a local network of 31 units, of which 26 cash&carry and five Punct.
Metro also owns 4 Real hypermarkets in Romania.
In 2012, the German group sold 20 Real stores in Romania to French retailer Auchan, within a EUR1.1 billion deal which also included the units in Ukraine, Poland and Russia.
Metro also controls the franchised convenience store chain “La Doi Pasi”.