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Written by Yoni Van Looveren
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Russia approves Auchan's acquisition of Real

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General7 March, 2013

Transaction concluded in November

The transaction between Metro and Auchan was already concluded in November 2012 and included the acquisition of 91 hypermarkets in Poland,
Russia, Romania and the Ukraine for 1.1 billion euro. This included exploitation
as well as real estate.

 

Metro put its hypermarkets in these four
countries on display, because it wants to focus on its cash & carry at
Metro and Makro
and on its electronics chains Media Markt and Saturn. Nonetheless
the group will remain owner of Real locations in Germany and Turkey. In the 91 hypermarkets acquired by Auchan, Real had a sales figure of 2.6 billion
euro. The French chain will be putting its own name on the stores.

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