Press Releases

METRO and Redos enter into exclusive negotiations for sale of Real

05/08/2019

  • Exclusivity until the end of July; negotiations expected to be completed in the summer
  • Enterprise value of approximately €1 billion, equity value of approximately €0.5 billion, expected cash inflow of approximately €0.5 billion
  • Status of negotiations will lead to €385 million impairment of the hypermarket business in METRO’s half-year financial statements

Dusseldorf, 8 May 2019 – The sale process of Real is entering a decisive phase: METRO and a consortium led by redos have entered into exclusive contract negotiations based on a jointly agreed framework concept. Following a comprehensive due diligence review, the aim is to sign a definitive contract in the summer.

For further information please see the attached press release.