By Rajiv Sekhri

DUESSELDORF, Germany (Reuters) - Metro AG (MEOG.DE: Quote, Profile, Research), Germany's biggest retailer, has no plan to sell its restructuring Real hypermarket chain and has not yet entered concrete talks to divest its Galeria Kaufhof department stores.

Chief Executive Eckhard Cordes, who joined in November, assured shareholders at his first annual meeting that Metro planned to keep Real.

"We assume we will be able to achieve a turnaround there," he said, adding that Metro planned to drive the international business of Real.

Shares of Metro were up 3 percent at 51.56 euros at 1433 GMT, the third biggest gainers on the DAX index .GDAXI, which was up 1.2 percent.

Metro, with more than 2,200 wholesale stores, hypermarkets, electronics and department stores in over 30 countries, made about 60 percent of its 2007 sales of 64.3 billion euros ($99.52 billion) abroad.

He reiterated that Real's plan to achieve a margin on earnings before interest and tax (EBIT) of 3 percent would not be achieved before 2009.

"Real must regain lost market share ... We have not -- let me state this clearly -- carried out the reorganisation with sufficient force. That will change now."

Cordes said Metro also planned to divest Kaufhof but was under no time pressure and had not yet entered concrete talks.