PRESS RELEASE
by x+bricks AG and The SCP Group

The consortium around x+bricks and SCP Group today announced it has made a further improved offer to METRO AG for the complete acquisition of its hypermarket business Real.

The consortium around x+bricks and SCP Group today announced it has made a further improved offer to METRO AG for the complete acquisition of its hypermarket business Real. From the consortium’s perspective already superior initial offer for Real’s operating business and real estate has improved. Now, it is delivering total cash proceeds to METRO AG significantly above EUR 0.5 billion. Kaufland, a member of Europe’s largest retailer Schwarz Group, as exclusive strategic partner of the consortium fully supports the offer. Moreover, Kaufland does not collaborate with any other bidders.

The consortium believes that the takeover offer by EP Global Commerce significantly changes the landscape for METRO, its shareholders and other stakeholders. Therefore, x+bricks and SCP Group are convinced a review and reassessment of the Real sales process are necessary.

Marjorie Brabet-Friel, CEO of The SCP Group, and Sascha Wilhelm, CEO of x-bricks AG: “We are convinced that our improved offer provides a significantly better outcome for METRO AG and its shareholders as well as for Real and the Real employees than the offer of other bidders.”

The consortium strongly believes that its offer is in the best interest of the Real employees. x+bricks AG and SCP Group have a detailed concept in place to secure Real’s retail locations by transitioning them over a period of several years to experienced partners in the retail and department store business such as Kaufland.

Pressekontakt / press contact
Alexander Cordes
alexander.cordes@gaulyadvisors.com
Mobile: +49 151 22 66 81 10