We see no sufficient and sustainable growth and expansion perspective for the specific concept of our self-service wholesale business in Morocco

"German retailer Metro has agreed to sell its stores in Morocco in a deal that marks its first retreat from a country and could presage similar decisions to cut exposure to underperforming markets.
Metro’s eight cash-and-carry stores are being sold to Label Vie, a Moroccan company that holds a Carrefour franchise, for €120m ($163m), Metro said on Monday. The deal will add a one-off €50m boost to earnings for the German retailer, one of Europe’s three largest by global sales along with Carrefour and Tesco.
Metro boosted by recovery in eastern Europe - Nov-02Metro in talks to sell French electronics chain - Oct-29Metro studies Indonesia as expansion base - Sep-13Upbeat Metro hails end to period of caution - Aug-02Metro hopes for Kaufhof sale in 2010 - Mar-30Metro eyes east Europe for growth - Mar-18The stores, which Metro bought in 1998, had sales of €208m in 2009 – a small share of the retailer’s overall cash-and-carry sales of more than €30bn. The group has more than 540 wholesale stores in 30 countries, mainly in Europe.
Joël Saveuse, a management board member of Metro, said: “We see no sufficient and sustainable growth and expansion perspective for the specific concept of our self-service wholesale business in Morocco.”"

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