Metro to be split

The European retail and wholesale group Metro AG says it aims to split in two, separating its food and wholesale activities from its consumer electronics business.

Metro, based in Duesseldorf, Germany announced on Wednesday that the move would give the businesses “improved focus, quicker decision-making processes, more flexibility and improved operational efficiency.”

The plan would be to create a food and wholesale business including Metro cash-and-carry stores and Real supermarkets, and a consumer electronics company including Saturn and Media Markt stores. (portfolio.hu)