VietNamNet Bridge - Metro Group (Germany) has announced the completion of the transfer of Metro Cash & Carry Vietnam to a Thai partner.

The transfer includes all 19 wholesale supermarkets and the portfolio of related real estate of Metro Cash & Carry Vietnam worth Euro 655 million (about $879 million) for the Berli Jucker Group (BJC) of Thailand.

In August 2014, Metro Group announced an agreement with BJC, Thailand on this deal. However, it was then rumored that this affair might fail due to the opposition of some BJC shareholders.

Metro brand came to Vietnam in 2002 with wholesale businesses. Currently Metro Cash & Carry Vietnam has 19 centers across the country with 3,600 employees. In the fiscal year of 2014-2015, its sales in Vietnam reached 507 million euros ($550 million).

BJC said it would keep the name of Metro Vietnam and the development objectives, products or services of Metro.

Berli Jucker is a investment, distribution, marketing and production group of Thailand with a value of about 88 billion Baht ($2.8 billion) on Thai stock market.

S. Tung