February 11, 2020 / 8:52 AM / 14 days ago

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

FILE PHOTO: People enter German retailer Metro AG supermarket in Duesseldorf, Germany March 02, 2018. REUTERS/Thilo Schmuelgen/File Photo

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 a 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

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