KARACHI: After announcing the plans to merge in June 2011, METRO Cash & Carry Pakistan (Private) Limited (“MCCP”) and Makro-Habib Pakistan Limited (“MHPL”), the shareholders of the two wholesale companies have successfully combined their businesses in Pakistan. The merger is now complete with the approval of the Pakistani anti-trust & corporate authority, regulatory and other approvals and the sanction of the Court.
The merged entity to signify the spirit of partnership will now be known as METRO – Habib Cash & Carry (Pvt) Limited and together will operate its 9 wholesale centers in 4 major cities. “With the merger of our businesses we are able to combine our resources to gain the financial strength to lead and grow in a challenging environment and to create synergies targeted to generate value for our customers and suppliers alike”, emphasizes David Boner, Managing Director, METRO- Habib Cash & Carry.**