Grocery store retailer Metro Inc. (TSX:MRU) has signed a deal to acquire a majority interest in ready-to-cook meal delivery service MissFresh Inc.
Financial terms of the agreement were not immediately available.
MissFresh was started in Montreal in 2015 by Marie-Eve Prevost, Bernard Prevost and Ritter Huang.
Metro says MissFresh's three co-founders will retain a 30 per cent stake and continue to take an active part in the company's management.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.