Investor Redos notifies regulators about planned Real acquisition – sources

FRANKFURT (Reuters) - German real estate investor Redos has officially notified antitrust authorities about its intention to buy Metro's loss-making Real hypermarket chain, people close to the matter said, in a sign that the deal is nearing completion. Once a sprawling retail conglomerate, Metro has in recent years been restructuring to focus on its core cash-and-carry business, selling off the Kaufhof department stores and then splitting from consumer electronics group Ceconomy . It has long sought to shed its Real hypermarkets chain, which has annual sales of more than 7 billion euros (6.24 billion pounds) but has struggled for years in a fiercely competitive German market, dominated by discounters Aldi and Lidl.

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