Metro announces exclusive talks on hypermarkets sale with X+Bricks
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DUESSELDORF/FRANKFURT (Reuters) - Metro is entering exclusive talks on the sale of its Real hypermarkets unit to a consortium led by property investor X+Bricks, the German wholesaler said on Thursday, confirming a Reuters report.The negotiations with the other bidder consortium led by Redos Real Estate have been terminated, Metro said, adding that Metro will not retain any stake in Real.The current status of negotiations, which Metro aims to conclude by the end of January, imply a net cash..