Wipro Inks $700 Million Takeover Deal With Germanyâs Metro AG
Dec 22 2020, 9:50 PM
December 22 2020, 9:50 PM
December 22 2020, 9:50 PM
Wipro Ltd. on Tuesday said it has signed a $700-million deal with Metro AG that will see over 1,300 staff of the German wholesaler move to the Indian firm.
Wipro Ltd. on Tuesday said it has signed a $700-million deal with Metro AG that will see over 1,300 staff of the German wholesaler move to the Indian firm. The estimated deal value for the duration of the first 5 years is approximately $700 million. With the intention to extend up to 4 additional years, it can be a potential spend of up to $1 billion, Wipro said in a statement.