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Two sources familiar with the situation said that Metro AG (B4B.DE), a German warehouse retailer and wholesaler, had started the process of selling its Chinese business, inviting buyers to bid, with an estimated value of between $1.5 billion and $2 billion.
Metro plans to sell a majority stake in its Chinese business, sources said. Metro has 95 stores in China and real estate assets in big cities such as Beijing and Shanghai.
This is part of Metro's global restructuring plan. China's wholesale and retail businesses are being impacted by e-commerce providers.
Two other sources said Metro's China business could also be valued at as much as $3 billion.


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