October 2, 2017

METRO INC. to acquire The Jean Coutu Group (PJC) Inc. for $4.5 billion

Combination of the Jean Coutu Group and METRO will create a new leader in food, pharmacy, health and beauty

  • Combination of two leading companies will create $16-billion retail leader strongly positioned to cater to growing consumer needs in food, pharmacy, health and beauty.
  • METRO gains Jean Coutu Group’s iconic brand, extensive network of more than 400 drugstores and state-of-the-art distribution center, providing increased scale and reach, operational efficiencies and enhanced growth potential.
  • Financially and commercially attractive deal due to highly complementary operations, entrepreneurial cultures, seasoned management teams; $75 million in expected synergies within three years.
  • The Jean Coutu Group, including METRO’s pharmacy distribution and franchising activities, will operate as a stand-alone division of METRO.
  • The Jean Coutu Group shareholders will become important shareholders of METRO; two Jean Coutu Group nominees will join Metro’s Board of Directors.
See Press Release