German retailer Metro said on Friday it had agreed to sell the eastern European operations of its Real supermarket division to French rival Auchan for 1.1 billion euros ($1.4 billion).
Metro said in a statement it had signed an agreement with the French retailer to “take over the operational activities and real estate assets of Real in Poland, Romania, Russia and Ukraine” in a deal valued at 1.1 billion euros.
German retailer Metro sells Real unit for 1.1 bn euros
