Real dissolution is going ahead: Edeka and Kaufland want to hit big

In mid-February, the retail giant Metro sold the struggled Real hypermarket chain to a German-Russian consortium (CHIP reported in detail). The alliance consists of the Russian investor SCP Retail Investment and the German real estate giant x + bricks.

In a further step, both companies wanted to sell the branches to competitors and continue to operate a small core of markets as real. The Russian investor SCP Retail and the German real estate giant x + bricks have now announced contracts for 141 real markets. These branches are to migrate to the retail giants Edeka and Kaufland.

Kaufland therefore takes over 88 and Edeka 53 Real stores. The employees are to be taken over by the new owners. SCP Retail and x + bricks have thus sold half of the 277 Real stores in Germany.

“With the agreements we have reached, we have reached an important milestone in the successful implementation of our concept,” said Patrick Kaudewitz, Chairman of the Board of Directors of SCP Retail Investments.

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