German group Metro has agreed the sale of the supermarket chain Real to a group of investors related to Sistema and the son of Vladimir Yevtushenkov. It is a record for Germany with the transaction.
A large chain of German supermarkets Real into the hands of Russian-German investment group SCP Group, and X+Bricks. Investors buy all 276 stores in the chain belonging to German group Metro. This was stated on Friday, February 14, at the shareholders ‘ meeting, the head of Metro Olaf Koch (Olaf Koch). “Our representatives have notary,” said Koh.
Buyers – a group of investors that includes the Luxembourg registered in SCP Group, headed by Felix Yevtushenkov, the son of the main shareholder AFK “System” Vladimir Yevtushenkov. X+Bricks was in Germany and specializiruetsya on investments in commercial real estate.
Record deal for the sale of Real stores
The Newspaper’s?ddeutsche Zeitung called the transaction record, arguing that in Germany there was no transactions of sale of retail space of this scale. Size of transaction is not called in the press mentions the amount of 300 to 500 million euros.
The message of the sale sparked protests from employees of the Real network during the Friday meeting of shareholders of Metro, the Agency dpa. It is expected that out of 34 thousand employees, the new owners can fire up to 10 thousand people. Investors have promised to keep within the next two years, only 50 of the 276 unprofitable branches of the supermarket chain, reports dpa. As expected, other branches, the new owners resell. The deal is subject to approval by the Federal office for cartels.