By
Reuters
Reuters
Published
Jun 27, 2011
Jun 27, 2011
Metro mulls Kaufhof listing, sale of Real
By
Reuters
Reuters
Published
Jun 27, 2011
Jun 27, 2011
June 27 - German retailer Metro is mulling a stock market listing for its department store unit Kaufhof and is in talks to sell its Real supermarket chain, a German newspaper reported.
A Galeria Kaufhof store in Frankfurt, Germany |
"There are informal talks with banks about a potential stock market listing," financial daily Handelsblatt said, citing an unnamed company executive.
Metro has also received offers for its Real chain, the paper added, citing the unnamed executive.
A Metro spokesman told the paper that the current market environment was "anything but encouraging" and added that due diligence of Real had not yet started.
(Reporting by Edward Taylor; Editing by Will Waterman)
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