<p>German retailer Metro AG plans to cash out of India business for around $1.5-1.75 billion, according to a media report.</p>.<p>Among those in discussions to buy the Indian cash-and-carry operations are Amazon, Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts, Tata Group, Lulu Group, and PE fund Samara Capital, a <a href="http://www.economictimes.indiatimes.com/industry/services/retail/after-19-years-metro-plans-to-cash-out-of-india-business-for-1-5-1-75-billion/articleshow/91675478.cms" target="_blank">report</a> in <em>The Economic Times</em> said.</p>.<p>The company has been running its nationwide chain of 31 cash-and-carry stores since 2003 but stiff market competition and large investments compelled the Dusseldorf-headquartered multinational to first undergo a detailed business review and then choose to sell.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/business-news/metro-ag-bullish-on-india-business-says-to-continue-expanding-in-india-1072032.html">Metro AG bullish on India business, says to continue expanding in India</a></strong></p>.<p>JP Morgan and Goldman Sachs have been appointed to find a buyer for the business after Bain & Co submitted a detailed strategy report.</p>.<p>“At Metro, we regularly assess our international portfolio, such as our market position in the respective country, the life cycle of our operations, the growth potential of our business. This is a general approach and normal business applied to all countries, including India,” global director of corporate communications at Metro, Gerd Koslowski told the newspaper, declining to comment further.</p>
<p>German retailer Metro AG plans to cash out of India business for around $1.5-1.75 billion, according to a media report.</p>.<p>Among those in discussions to buy the Indian cash-and-carry operations are Amazon, Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts, Tata Group, Lulu Group, and PE fund Samara Capital, a <a href="http://www.economictimes.indiatimes.com/industry/services/retail/after-19-years-metro-plans-to-cash-out-of-india-business-for-1-5-1-75-billion/articleshow/91675478.cms" target="_blank">report</a> in <em>The Economic Times</em> said.</p>.<p>The company has been running its nationwide chain of 31 cash-and-carry stores since 2003 but stiff market competition and large investments compelled the Dusseldorf-headquartered multinational to first undergo a detailed business review and then choose to sell.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/business-news/metro-ag-bullish-on-india-business-says-to-continue-expanding-in-india-1072032.html">Metro AG bullish on India business, says to continue expanding in India</a></strong></p>.<p>JP Morgan and Goldman Sachs have been appointed to find a buyer for the business after Bain & Co submitted a detailed strategy report.</p>.<p>“At Metro, we regularly assess our international portfolio, such as our market position in the respective country, the life cycle of our operations, the growth potential of our business. This is a general approach and normal business applied to all countries, including India,” global director of corporate communications at Metro, Gerd Koslowski told the newspaper, declining to comment further.</p>