Auchan can buy the Real chain of stores

German sources say that the contract between Metro and Auchan Group soon to be realized. In terms of the contract Metro will sell its Eastern European food network, the so-called Real chain to Auchan.

Metro retains its German and Turkish businesses and focuses mainly on its Cash & Carry and Media-Saturn business in the future.The transaction value can be over one billion euros.

The Metro Group’s profit decreased in the third quarter: its operating profit fell to 346 million euros, from the 563 million euros of a year earlier. After taxation 77 million euros remained in the group's coffers, compared to last year’s 190 million euros profit. The sales revenue totaled 15.9 billion euros, slightly more than a year ago. (Index, MTI)