Metro C$4.5 billion acquisition of Jean Coutu Group

2/10/2017
Public acquisition

C$ 4.5 billion

Announced

2/10/2017


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 

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