- Sale covers all twelve stores of Real in Turkey
- Turkey remains one of the focus countries for METRO Cash & Carry andMedia-Saturn
Düsseldorf, Germany, 2014-6-30 — /EPR Retail News/ — METRO GROUP signed an agreement with Hacı Duran Beğendik about the divestment of Real’s Turkish operations. With this move, Real will fully focus on the successful development of its business in Germany. It was agreed not to disclose the purchase price. The transaction still requires approval by the responsible competition authorities in Turkey and is expected to be closed in summer 2014. Turkey remains an important focus country for METRO GROUP’s other sales linesMETRO Cash & Carry and Media-Saturn.
The divestment of Real Turkey to Hacı Duran Beğendik covers all twelve hypermarkets and the headquarters. Real Turkey generated sales of €256 millionin financial year 2012/13 and employs a workforce of around 1,800 employees.
METRO GROUP is one of the largest and most important international retailing companies. During the financial year 2012/13 (pro forma), it generated sales of about €66 billion. The company operates around 2,200 stores in 31 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Marktand Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.