In July 1996 METRO Cash & Carry merged with Kaufhof Holding AGand Asko Deutsche Kaufhaus AG and the METRO Group wasfounded. That year also saw the group’s going public. The Metrostock is the only retail stock listed in the German blue-chip index“DAX 30“.The first step into Asia was taken when METRO Cash & Carry movedinto China in 1996. Today the company is present in 5 Asiancountries: China, India, Japan, Pakistan and Vietnam. The METROCash & Carry business is going to be further internationalized andexpanded with the focus on Eastern Europe and Asia. Already bytoday, more than 80 percent of the staff is working outside of Germany. In many countries the company is on of the major employers.
METRO in Pakistan
METRO Cash & Carry announced its operations in Pakistan inJanuary 2006. Since then, it has established itself as a potentialmarket leader in wholesale.Under the supervision of Managing Director Mr. Giovanni Soranzo,METRO Cash & Carry Pakistan has opened its first store in the cityof Lahore in October 2007.The company’s country head office is also based in Lahore andcurrently employs over 400 people in two offices..
METRO Cash & Carry’scommitment to Pakistan isalso echoed in its donations tothe President’s EarthquakeRelief Fund.
– The companydonated €100 000 in January2006 towardsPresident's Earthquake Relief Fund. It also has plans to funddevelopment activities in the country in association with the GermanInvestment and Development Company. Such activities have