Metro Cash & Carry International Gmbh has obtained approval for METRO Cash & Carry OOO's initial public offering (IPO) in London. It will prepare for IPO in first half of 2014, subject to market conditions. Olaf Koch, Chief Executive Officer of METRO AG (DB:MEO) said, “We expect a listing to enable us to expand our business in an even more dynamic way and to strengthen the balance sheet of Metro Group at the same time.”