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

DUESSELDORF, Germany (Reuters) – German wholesaler Metro <B4B.DE> 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 staff letter by Metro CEO Olaf Koch that was seen by Reuters.

Metro earlier on Tuesday said it had reached a deal to sell Real, which has around 34,000 employees and about 270 stores, to X+Bricks and the SCP Group.

(Reporting by Matthias Inverardi; writing by Christoph Steitz; editing by Thomas Seythal)

tagreuters.com2020binary_LYNXMPEG1A0ON-BASEIMAGE