The ongoing efforts of the consortium surrounding real estate investor X+Bricks to win over Metro's Real chain appear to be bearing fruit. The German wholesaler has confirmed that it has started exclusive negotiations with the consortium, to be completed by the end of January.
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Property investor X+Bricks has increased its bid on German retail chain Real, but its owner Metro maintains that it rather hopes to reach an agreement with Redos.
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Last year, Belgian supermarket group Delhaize became the largest distributor in Serbia. The chain is staving off Metro, Lidl and a number of local competitors.
EP Global Commerce, the investment company of Daniel Kretinsky and Patrik Tkac, is increasing its stake in the German Metro group to just under 30 %. The Czech businessman will therefore become its largest shareholder.
The German Metro group published positive quarterly results, especially in Eastern Europe and Asia. Thanks to recovery in Western Europe, the company is performing in line with expectations.
Makro's Belgian cash & carry stores have been able to 'almost' stabilise their turnover in the past financial year, after figures had been falling by 10 % and more for many years. However, a break-even is not yet in sight for the Metro subsidiary.
Large flagship stores continue to distinguish themselves through their unique experience and local anchoring, according to former Kaufhof leader Olivier Van den Bossche. Department stores might also take on the role of omni-channel hubs in the future.
German retail giant Metro has sold a majority interest in its Chinese operations to local retailer Wumart. The sale fits in with the group’s strategy to focus more on professional customers.
Has the long-running conflict between MediaMarktSaturn and the Kellerhals family finally been resolved? The co-founder may be tempted to exchange his remaining MediaMarkt shares for an interest in parent group Ceconomy.
Czech billionaire Daniel Kretinsky has acquired a 4.63 % stake in French retailer Casino, along with his Slovak partner Patrik Tkac. The move comes soon after a failed attempt to get a majority share in the German Metro group.
Daniel Kretinsky's attempts to acquire 67.5 % of shares in German retailer Metro have failed. The Czech billionaire now wants to take a seat in the Board of Directors.
Time is running out for Daniel Kretinsky's takeover bid on German retail holding Metro. The offer ends on 7 August, but is a deal still possible given the many people opposing it?
German retail group Metro is calling on its shareholders not to accept the EP Global Commerce takeover bid because it would be too low. The food service company has just published sound quarterly results.
Haniel has accepted EP Global Commerce's takeover bid on its remaining Metro shares. The question is now what the other shareholders will do.
Metro has received a new, higher bid for its Real supermarkets from X+bricks and SCP Group. The wholesale company had been in exclusive negotiations with a syndicate headed by real estate player Redos for some time.
Metro is disappointed in a takeover bid by shareholder group EP Global Commerce, which is offering 5.8 billion euros for the holding behind Makro and Real.