Metro: completes divestment of Real hypermarkets
(CercleFinance.com) - Germany's Metro announced on Friday that it has completed the sale of its Real hypermarket chain to UK private equity firm SCP Group, in a deal that confirms its refocusing on its wholesale business.
The food supplier to independent caterers and tradesmen explains that it has received all the regulatory approvals to complete the sale, which is expected to raise around 300 million euros.
This sum adds to the 1.5 billion euros recently received from the sale of its majority stake in Metro China.
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The food supplier to independent caterers and tradesmen explains that it has received all the regulatory approvals to complete the sale, which is expected to raise around 300 million euros.
This sum adds to the 1.5 billion euros recently received from the sale of its majority stake in Metro China.
Copyright (c) 2020 CercleFinance.com. All rights reserved.