BREAKING NEWS
This content is not available in your region

Business

Metro: X+Bricks has signalled it will improve offer for Real hypermarkets

By Reuters
Metro: X+Bricks has signalled it will improve offer for Real hypermarkets
FILE PHOTO: Customers are seen at the cash desk of a Metro cash and carry store in Kiev, Ukraine, August 17, 2016. REUTERS/Valentyn Ogirenko   -   Copyright  Valentyn Ogirenko(Reuters)
Text size Aa Aa

DUESSELDORF, Germany (Reuters) – Metro <B4B.DE> said on Thursday that a consortium including property investor X+Bricks had again registered its interest in the German wholesaler’s loss-making Real hypermarkets chain and had signalled that it would improve its offer.

Metro said talks with real estate investor Redos, which is leading another consortium seeking to buy the Real hypermarkets, were going full speed ahead, with the aim of completing them in the coming weeks.

Metro said it was entering the decisive phase in negotiations on Real and was optimistic that it would reach a decision soon.

(Reporting by Matthias Inverardi; Writing by Michelle Martin; Editing by Tassilo Hummel)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.