Metro reaches deal to sell Real hypermarkets unit to consortium of property investors
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(Reuters) - German wholesaler Metro AG said on Tuesday it has reached a deal with a consortium consisting of property investors X+Bricks and the SCP Group for the sale of its struggling Real hypermarkets unit.As part of the agreement, the company will exit the business at an enterprise value of 1 billion euros (844 million pounds). It had entered talks with the consortium to sell the unit in December.Late last month, sources close to the matter told Reuters that Metro had pushed back..