Metro expansion plans: China, India, Russia and north Africa
In an interview in the Financial Times, Kinnevik chairman Cristina Stenbeck, said China, India, Russia and north Africa were potential targets for expansion for Metro International. “Migrating from Europe” is the new strategy for Metro.
Mikael Jensen, Metro’s chief executive, added that the group was in the initial phase of looking at various markets in the Middle East as well.
Kinnevik, that has offered to buy all shares of Metro, promises “significant investments” in the expansion, not only in print but also in online.