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Koch expected the sales process to take up to eight months. HSBC’s European retail analyst, Andrew Porteous, welcomed the plan and raised his price target for Metro shares to 14 euros from 11.50 euros. “Increased focus is a positive,” he said in a note. “We have consistently held that Metro needed to simplify in order to create value.”. Large European retailers such as Ahold, Carrefour, Auchan, Tesco are unlikely to bid for Real, people familiar with the industry said.

The chain may attract more interest from investors such as Apollo-backed Alteri, owner of Babywalz and CBR Fashion Group or from other private equity firms, Buyout groups, have had mixed results though with retail in Germany and several deals - such as Sun Capital’s Neckermann investment - have turned sour, Some analysts speculated Amazon could be interested after its acquisition of U.S, grocery chain Whole Foods gucci interlocking g cufflinks last year, Germany is its second biggest market after the United States, “Germany’s grocery ecommerce is very underdeveloped and Germany is a very important country for Amazon,” said Bernstein analyst Bruno Monteyne, adding a price of around 1 billion euros would be no hurdle for the ecommerce giant..

An Amazon spokesman declined to comment and the buyout groups named either declined to comment or were not immediately available. Real has suffered from tough competition from the advance of online players like Amazon and has sought to build up an online grocery business in recent years. Its ecommerce still only accounts for 2 percent of its 7.2 billion euro sales. The business posted a loss and saw sales slide 7.2 percent in the latest quarter, which it blamed on an early Easter and unusually hot weather.

Bankers do not view Real as high on Amazon’s shopping list, One said Real could be sold for “near zero at best”, while another said Metro may have to pay to offload the business, Koch said selling Real was not connected to Daniel Kretinsky buying a stake in Metro last month, although he said the company had met the Czech billionaire, whose move prompted speculation he could make a full bid and take Metro private, Analysts said a financial investor might be interested in the real gucci interlocking g cufflinks estate value of the 65 hypermarkets that Real owns, while other options could be a sale of parcels of stores to chains like Lidl or dominant supermarket group Edeka..

However, peers need to tread carefully to avoid anti-trust concerns like those that dogged Edeka’s purchase of loss-making chain Kaiser’s in 2015. One of the bankers said fellow German supermarket chain Kaufland, held by Lidl owner Schwarz Group, could show an interest in some sites. Koch told journalists the aim was to sell Real as a whole rather than as a bundle of stores. Trade union Verdi criticized Metro’s treatment of Real’s 34,000 workers in recent years and said the company should be sold as a whole.

WASHINGTON (Reuters) - U.S, House of Representatives Democratic Leader Nancy Pelosi on Friday warned the Trump administration that the NAFTA trade agreement should be maintained as a trilateral pact between the United States, Mexico and Canada and not just a U.S.-Mexico arrangement, Whatever deal ultimately is reached in negotiations will be reviewed by the next Congress that convenes in January, Pelosi could be the speaker of the House if Democrats win this gucci interlocking g cufflinks November’s congressional midterm elections..

The House speaker sets the legislative agenda and often has the political muscle to assure passage or defeat of initiatives. “I think it should be trilateral,” Pelosi told reporters, adding that she did not think it would be “in the interest of this hemisphere” to turn the North American Free Trade Agreement into a bilateral deal. A revamped trade agreement with Mexico has been negotiated and U.S. President Donald Trump has warned Ottawa that he is prepared to leave Canada out of the arrangement if it fails to accept terms more favorable to the United States.

Speaking at a news conference that mainly centered on hurricane devastation wreaked in Puerto Rico and the U.S, Virgin Islands last year, Pelosi said she was seeking more details on the results of the U.S.-Mexico negotiations, She said that earlier on Friday she had instructed aides to set up briefings for rank-and-file lawmakers, “Any arrangement of that kind, of that length of being in effect should be subjected to some scrutiny I think,” Pelosi said, Pelosi added that Democrats want to see more progress toward raising U.S, wages and cautioned: “You don’t lift wages in the United States by suppressing them other places, So we’re concerned about the ability of Mexican workers to gucci interlocking g cufflinks organize and improve their economic status as well.”..

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