Metro AG In A Tricky Position Over Real Sale, Says Analyst
A leading retail analyst has said that Germany's Metro AG finds itself in a "complicated" position over the sale of its Real business, "because the Real hypermarket assets are not a very attractive investment".
Earlier this week, Germany's Handelsblatt reported that Metro may be poised to sell Real to Markant for around €99 million, however Metro would inject around €300 million of fresh equity into the business ahead of the sale. In addition, the properties in the business would be sold to a different investor.
Elsewhere, Boersen-Zeitung said that a consortium led by Redos group, which also includes Morgan Stanley and ECE, has dropped out of the bidding for the business.
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