×
By
Reuters
Published
Jun 27, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Metro mulls Kaufhof listing, sale of Real

By
Reuters
Published
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.

Metro, Kaufhof
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)

© Thomson Reuters 2023 All rights reserved.

Tags :
Retail