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Metro Inc (MRU.TO)

MRU.TO on Toronto Stock Exchange

53.24CAD
27 Feb 2020
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Tue, Feb 11 2020

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Metro CEO expects less than 30 Real stores to be closed - letter

DUESSELDORF, Germany German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division's stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.

Metro CEO expects less than 30 Real stores to be closed - letter

DUESSELDORF, Germany, Feb 11 German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division's stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.

Meridian, Beisheim hike Metro stake, open to buying more shares

BERLIN Investors Meridian Foundation and the Beisheim Group have raised their stake in German wholesaler Metro to about 23% and are open to buying more shares, they said on Tuesday, adding they believe the firm is undervalued.

UPDATE 2-Meridian, Beisheim hike Metro stake, open to buying more shares

* EPGC lifted stake in Metro in October to 29.99% (Adds comment from Metro)

Meridian, Beisheim hike Metro stake, open to buying more shares

BERLIN, Jan 21 Investors Meridian Foundation and the Beisheim Group said on Tuesday they have increased their stake in German wholesaler Metro to about 23% and are open to further expanding their shareholding, saying they believe the firm is undervalued.

CORRECTED-Metro expects 1.5 bln euros from China stake, hypermarket sale

BERLIN, Dec 11 Metro expects net proceeds of 1.5 billion euros ($1.65 billion) from the sale of a majority stake in its China business and its struggling Real hypermarkets unit, both of which it said it hopes to close soon, the German wholesaler said on Wednesday.

UPDATE 2-Metro announces exclusive talks on hypermarkets sale with X+Bricks

DUESSELDORF/FRANKFURT, Dec 5 Metro is entering exclusive talks on the sale of its struggling Real hypermarkets unit to a consortium led by property investor X+Bricks, the German wholesaler said on Thursday, confirming a Reuters report.

Metro to shortly enter exclusive talks on hypermarkets sale with X+Bricks - sources

DUESSELDORF/FRANKFURT, Dec 5 German wholesaler Metro is expected to shortly enter exclusive talks on the sale of its Real hypermarkets unit to a consortium led by property investor X+Bricks, three people close to the matter said on Thursday.

Metro to shortly enter exclusive talks on hypermarkets sale with X+Bricks - sources

DUESSELDORF/FRANKFURT, Dec 5 German wholesaler Metro is expected to shortly enter exclusive talks on the sale of its Real hypermarkets unit to a consortium led by property investor X+Bricks, three people close to the matter said on Thursday.

Consortium including X+Bricks beefs up offer for Metro's Real hypermarkets

DUESSELDORF, Germany A consortium seeking to buy German wholesaler Metro's Real chain has beefed up its offer for the hypermarkets, property investor X+Bricks, one of the bidders in the group, said on Thursday.

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