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Metro Puts Struggling Real Hypermarket Chain On The Block

by reuters.com posted 2months ago 24 views
* Move to sell Real not linked to new investor in Metro -CEO (Adds HSBC analyst upgrade): BERLIN (Reuters) - German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion). Industry bankers contacted by Reuters said private equity firms were the most likely bidders and that Metro might have to effectively pay a buyer to take the chain off its hands.

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