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Story Box-ID: 984919

METRO AG Metro-Straße 1 40235 Düsseldorf, Germany http://www.metrogroup.de
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METRO AG

METRO and a consortium consisting of The SCP Group S.à.r.l. and x+bricks enter into a memorandum of understanding and exclusive negotiations relating to the sale of Real hypermarkets

(PresseBox) (Düsseldorf, )


- The consortium aims to fully acquire Real's operating business and real estate portfolio
- Nucleus of stores will be continued, large number of stores will be transferred and some individual stores closed
- All employees will transfer with Real to consortium; contractual agreement for assumption of Real employees intended in case of transfer to other retailers  Expected net cash proceeds to METRO AG of approximately EUR 0.5 billion  Transaction signing foreseen by end of January 2020

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.