Following an agreement to sell Real earlier this month, the wholesaler has now signed a deal to sell Real to a consortium consisting of the SCP Group and investment firm X-Bricks. Deal confirmed The deal has now been signed and the last stage is for the supervisory and antitrust authorities to approve the sale. The inflow of funds will be €300m, with Real being valued at around €1bn. If t...

The wholesaler has agreed to sell Real to a consortium consisting of investment firm X-Bricks and the SCP Group. Deal still to be signed Although an agreement has been made, the deal is yet to be signed and certain issues are still under negotiation. The supervisory and antitrust authorities will also need to approve the sale. However, Metro Group expects the sale to complete, with the infl...

Metro Group has reported sales growth of 2.2%, with same store sales up 1% compared to last year. Positive performance across most markets Metro Group saw Q1 sales hit €7.5bn, with strong growth in many of its markets. In Asia, sales were up by 3.2%, in part driven by positive currency effects. In Eastern Europe, same store sales increased by 5% and in Western Europe (excluding Germany), sa...