.
MergerLinks Header Logo

New Deal


Announced

Completed

Bronze Properties completed the acquisition of MAKRO Cash & Carry Belgium from METRO.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Completed

Acquisition

Cross Border

Belgium

Single Bidder

Private

grocery

Diversified Retailers

Friendly

Majority

Synopsis

Edit

Bronze Properties, a portfolio investor, completed the acquisition of MAKRO Cash & Carry Belgium, a grocery products wholesaler, from METRO, a wholesale company. Financial terms were not disclosed. “Within METRO’s sCore growth strategy that defines key areas of sustainable growth leading up to 2030, we have carefully and comprehensively evaluated the options available with respect to our Belgian operations. We have subsequently taken the decision to sell our Belgian operations to Bronze Properties. On behalf of our Management Board, I extend my sincere appreciation and thanks to our Belgian colleagues for their hard work and strong commitment in serving our customers over the past 50 years,” Steffen Greubel, METRO CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US