Metro Cash and Carry has made the decision to exit the Danish market.
- Two of the five Metro Cash and Carry stores will be sold to Euro Cater, a leading food service company in Denmark and Sweden.
- The transaction is subject to approval by the Danish antitrust authorities.
- A decision is expected at the end of November.
- The remaining three stores will be closed effective 31st December 2014.
Sales in Denmark reached EUR 236 million for the FY 2013, which accounts for 1.5% of Metro Cash and Carry’s sales in Western Europe (incl. Germany).