German Metro chain to enter Indonesian market
Germany's giant Metro distribution chain Friday announced it is extending its international business empire to Indonesia where it wants to open some 20 supermarkets.
Its Cash-and-Carry division will soon be opening a wholesale distribution superstore in Jakarta, the firm said in a statement.
Metro has set up a joint venture with Indonesia's Sintesa holding, but its shops will not be able to bear its international trade logo as others already operate under that name in Indonesia.
The firm said it was looking for a new name to go by in Indonesia.
Metro is already active in 34 countries and its Cash-and-Carry division operates some 700 stores in 30 of them.
© 2011 AFP