The supermarket chain is threatening destruction: Metro reaches agreement on sale of Real

Accordingly, the agreed approach provides for the sale of Real as a Whole to an enterprise value of approximately one billion euros. On the basis of the commerc

The supermarket chain is threatening destruction: Metro reaches agreement on sale of Real

Accordingly, the agreed approach provides for the sale of Real as a Whole to an enterprise value of approximately one billion euros. On the basis of the commercial agreement, Metro is expecting a net cash inflow of approximately € 300 million and continue to expect about 1.5 billion euros in net inflows to all of the transaction costs from the sale of the Real and the sale of a majority stake in the Chinese business. METRO 12,31 EUR -0.01 (-0,08%) Xetra

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the supermarket chain threatens the destruction

The supermarket chain with 277 stores and approximately 34,000 employees threatens the destruction. Because the future owner want to operate according to the previously known plans, only a small part of the Real markets even more. The majority of the sites will be sold to other retailers, such as Edeka or Kaufland more. Some locations will also be closed. The supermarket chain was the least of the worries a child with the düsseldorf-based retail giant, and had provided in fiscal year 2018/19 for deep in the red at Metro.

A binding conclusion of the contract was not carried out yet, - stated in the message. On both sides of the approval of the commercial agreement reached by the competent bodies of standing still. A law enforcement of any transaction is also subject to approval by antitrust and regulatory authorities.

In the FOCUS Online/Wochit In the

til/dpa
Date Of Update: 11 February 2020, 08:00
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