Tesco in negotiations to take over Real in Romania - financiare.ro
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News » December, 2010 » 13 December 2010

Tesco in negotiations to take over Real in Romania
13.12.2010, 00:11 | Business | 1058 views



British retail group Tesco, with 73 billion euros in turnover, is in negotiations to enter the Romanian market by acquiring Real hypermarket chain, held by German group Metro, say market sources.

According to the sources, the British are close to signing an agreement to take over the Romanian Real business, with the takeover to be become official in two years' time. In the interim, Real hypermarket chain needs to achieve a set of targets, among which the opening of new stores and improving its profitability.

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