Supermarket chain Tegut is in talks with real estate investor Redos to acquire seven branches of Germany's Real supermarket chain, a report in Handelsblatt has revealed.
For several months, Metro has been negotiating with Redos, which was chosen as the preferred bidder for the Real supermarkets.
Redos expressed interest in acquiring 280 Real stores from the parent company, Metro.
Germany's Edeka is also one of the bidders for the supermarket chain, the report said.
According to the Federal Cartel Office, Germany's national competition regulator, it expressed interest in 87 Real stores.
Most recently, the X+Bricks consortium presented a new offer for the retail chain.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.