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Luxembourg- based financial investment firm SCP Group entered into an agreement with METRO AG to acquire 100% of Real from METRO AG. Pursuant to this agreement signed today, SCP Group will become the sole owner of Real’s stationary retail business (276 stores), the digital business including the online marketplace real.de, 80 real estate properties and all of Real’s affiliated companies.
All of the approximately 34,000 Real employees will be taken over with their current contracts under existing conditions. SCP Group will be responsible for managing Real’s businesses and will rely on its strategic partner x+bricks Group to jointly oversee the repositioning of the real estate portfolio. METRO expects a net cash inflow of around €0.3 billion following closing of the...
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