Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Metro    B4B   DE000BFB0019

METRO

(B4B)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Metro aims for deal to sell Real hypermarkets in April/May

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/08/2019 | 10:22am EDT
FILE PHOTO - German retailer Metro AG CEO Koch attends the press conference at the company´s headquarters in Duesseldorf

DUESSELDORF/FRANKFURT (Reuters) - German wholesaler Metro is aiming to sign a deal to sell its loss-making Real hypermarkets chain in April or May, Chief Executive Olaf Koch said.

Metro is in talks with about five parties interested in the chain, which has annual sales of more than 7 billion euros (6 billion pounds), he told journalists late Thursday.

"We only talk to potential buyers who want to take on everything," Koch said, adding: "You can never rule out bidders forming consortiums."

People familiar with the matter said Kaufland owner Schwarz group had tied up with retail property investor X+Bricks AG led by former Corestate Chief Executive Sascha Wilhelm.

Separately, shopping mall operator ECE is working with Morgan Stanley Real Estate (MSRE) on a possible bid, the people said.

"We are following the discussions about Real's future very closely. However, we are not an operative retailer and do not want to become one," ECE said in a statement.

It remained unclear whether the ECE/MSRE consortium was working with a hypermarket group as an additional partner.

Schwarz, X-Bricks and MSRE declined to comment. Metro also declined to comment on interested parties.

Germany's antitrust watchdog is expected to view with concern a takeover of Real by one of the other large hypermarket groups as it could be seen as hampering competition.

Industry bankers have predicted Metro might have to effectively pay a buyer to take the chain off its hands.

Real runs 279 hypermarkets, of which 65 are owned by the group itself. One person close to the matter has estimated the properties to be worth 750-900 million euros, to be balanced against the expected negative value of the operating company.

Koch, who is being advised by JP Morgan and Bank of America on the transaction, has said he expects to achieve a positive purchase price on the deal.

(Editing by Emelia Sithoe-Matarise and Mark Potter)

By Matthias Inverardi and Arno Schuetze

Stocks mentioned in the article
ChangeLast1st jan.
CORESTATE CAPITAL HOLDING SA 2.09% 29.35 Delayed Quote.-3.14%
DEUTSCHE EUROSHOP -0.22% 27.12 Delayed Quote.7.02%
METRO -0.14% 13.89 Delayed Quote.3.70%
MORGAN STANLEY 0.59% 42.96 Delayed Quote.8.35%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on METRO
05/21METRO AG : Release according to Article 40, Section 1 of the WpHG [the German Se..
EQ
05/21METRO : deal for Real undervalues the hypermarkets chain - shareholder
RE
05/20Carrefour considers sale of stake in China business - sources
RE
05/09METRO : shares hit by falling Russia sales, Real sale worries
RE
05/08METRO : in exclusive talks to sell Real hypermarkets to Redos
RE
05/08METRO AG : Exclusive Negotiations on Sale of Real
EQ
04/11METRO AG : Release according to Article 40, Section 1 of the WpHG [the German Se..
EQ
04/02METRO : still in talks with several investors on hypermarkets sale
RE
03/29METRO : Haniel extends Kretinsky's stock option for its remaining Metro stake
RE
03/29Multinationals expected to drive Asia M&A after slow start to year
RE
More news
Financials (€)
Sales 2019 29 753 M
EBIT 2019 843 M
Net income 2019 393 M
Debt 2019 2 385 M
Yield 2019 4,85%
P/E ratio 2019 12,59
P/E ratio 2020 12,92
EV / Sales 2019 0,25x
EV / Sales 2020 0,24x
Capitalization 5 038 M
Chart METRO
Duration : Period :
Metro Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends METRO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 14,0 €
Spread / Average Target 0,62%
EPS Revisions
Managers
NameTitle
Olaf G. Koch Chief Executive Officer
Juergen B. Steinemann Chairman-Supervisory Board
Philippe Palazzi Chief Operating Officer
Christian Baier Chief Financial Officer
Florian Funck Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
METRO3.70%5 652
SYSCO CORPORATION19.77%38 574
SEVEN & I HOLDINGS CO., LTD.-20.59%30 779
WOOLWORTHS GROUP LTD11.15%29 824
TESCO22.04%28 881
AHOLD DELHAIZE-7.45%27 090