September 14, 2018 / 6:10 AM / 3 months ago

Metro CEO sees interest for Real stores on the block

BERLIN, Sept 14 (Reuters) - German retailer Metro AG previously had contact with potential buyers for its struggling Real hypermarkets so it is optimistic its decision to put them for sale will be met with interest, chief executive Olaf Koch said on Friday.

Metro announced late on Thursday that it wants to sell Real, with 282 stores and 34,000 staff, to focus on its wholesale business.

Koch said previous talks with interested parties had not failed, but they had not come at the right time as Metro worked on restructuring the troubled business.

“The fact is that we repeatedly had expressions of interest shows that we can take up the journey again,” he told journalists.

Reporting by Emma Thomasson; editing by Thomas Seythal

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