Metro C$4.5 billion acquisition of Jean Coutu Group

Overview:

• Metro has acquired Jean Coutu Group for C$4.5 billion.
• The target company runs drugstores in Canada, while Metro owns food chain around the country, with more than 600 stores.
• The deal comes only a couple of months after Amazon acquired another big food stores chain - Whole Foods Market.
• Metro used the financial services of BMO Capital Markets and CIBC World Markets, while Jean Coutu turned to National Bank Financial. 
• Counsel declined to comment.

 Katrin Kostadinova - Data analyst