Auchan buys Real for EUR 1.1 bln
Groupe Auchan has signed a EUR 1.1 bln purchase agreement with German retailer Metro Group.
Groupe Auchan has signed a EUR 1.1 bln purchase agreement with German retailer Metro Group to buy the operational activities of the Real hypermarket chain in Poland Romania Russia and Ukraine. A total of 91 stores are to change hands in Poland, Romania, Russia and Ukraine as well as 13 shopping centres in Russia and Romania. The real estate assets of 14 stores are also included in the acquisition. In the four countries, Real generated more than EUR 2.6 bln in 2011 and has a workforce of around 20,000, while Auchan operates 98 stores and has a workforce of around 65,000. The deal, which is subject to the consent of the competition authorities of each of the countries involved, is likely to be finalised next year.
Source:www.eurobuildcee.com
Recent articles
17 October 2024
The new Planning Act in Poland, so how spatial planning rules will change and their impact on the real estate market
New Planning Law - what awaits the real estate market from 2026 - discussed by Jacek Szkuta, Director of the Investment Land Department at AXI IMMO.
18 September 2024
Once again, AXI IMMO has advised United Distribution Holding adds more space in Warsaw West Park – Pruszków, Poland
UDH, a distributor of global beer brands and food products in Poland, once again chooses AXI IMMO as its advisor.
27 August 2024
AXI IMMO advises Sales Service on the lease of over 5000 sqm at Good Point V, located near Warsaw, Poland
The Sales Service has successfully leased the final vacant hall in Good Point V, therefore achieving the complete commercialisation of the property.
26 August 2024
WDT Group advised by AXI IMMO has leased a warehouse in Hillwood Janki Sokołów, a suburb of Warsaw, Poland
A modern distribution space close to Warsaw to improve WDT Group's operational processes