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MarketScreener Homepage  >  Equities  >  Xetra  >  Metro    B4B   DE000BFB0019

METRO

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Metro : still in talks with several investors on hypermarkets sale

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04/02/2019 | 02:38pm EDT
German retailer Metro AG sign is seen on the headquarters in Duesseldorf

BERLIN (Reuters) - Germany's Metro is still in talks with several investors, who are interested in buying its Real hypermarkets chain, the wholesaler said on Tuesday.

A spokesman said Metro was talking with more than two serious investors.

The Handelsblatt newspaper had earlier reported that there were only two investors still in the running: Redos Gruppe and X+Bricks, both who had made offers of around 900 million euros (£768 million), according to sources close to the talks.

The paper said that would make the break-up of Real more likely, as both are more interested in the chain's real estate rather than taking it on as a going concern, although Metro Chief Executive Olaf Koch wants to sell it as a whole.

(Reporting by Matthias Inverardi, writing by Emma Thomasson; editing by David Evans)

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Financials (€)
Sales 2019 29 753 M
EBIT 2019 843 M
Net income 2019 393 M
Debt 2019 2 385 M
Yield 2019 4,84%
P/E ratio 2019 12,61
P/E ratio 2020 12,94
EV / Sales 2019 0,25x
EV / Sales 2020 0,24x
Capitalization 5 046 M
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Technical analysis trends METRO
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 14,0 €
Spread / Average Target 0,48%
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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
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