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Sales of EUR 909 M for Metro Cash & Carry Romania last year

Metro is looking for buyers of real estate in Romania and Bulgaria, paper reports

German group Metro, one of Europe’s leading players, has mandated Goldman Sachs to find a buyer for real estate – land, shops and other real estate – in Romania and Bulgaria, sources in the market say, quoted by zf.ro.

The company, which owns 30 cash & carry stores, is looking to sell the real estate business, then to rent the premises to continue operating. In Romania, the group have a total built area estimated at 200,000 square meters, plus the surrounding land.

The value of the real estate portfolio is of EUR 400-600 million, in the context of a store (construction and land) is assessed at EUR 15-20 million, the same source informs.

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