(MENAFN- AFP) German retailer Metro said on Friday it had agreed to sell the eastern European operations of its Real supermarket division to French rival Auchan for 1.1 billion euros ($1.4 billion).
Metro said in a statement it had signed an agreement with the French retailer to "take over the operational activities and real estate assets of Real in Poland, Romania, Russia and Ukraine" in a deal valued at 1.1 billion euros.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.