Metros Real division has been the subject of much speculation of late

Metro's Real division has been the subject of much speculation of late

Metro Group has declined to comment on reports the CFO and COO of its Real hypermarket chain in Germany are to step down.

According to German publication Lebensmittel Zeitung, Real's COO Roland Neuwald and CFO Hansjörg Gidlewitz are to leave the company's German division.

A spokesperson for the retailer, however, told just-food Metro would not comment on speculation

The German retail giant's Real division has been the subject of much speculation of late. It has repeatedly denied reports it is looking to sell off its Real hypermarket stores outside Germany as part of a restructuring of the business.

In July, Metro said it had received some interest in the international business of Real but added no decision to sell Real's international arm had been made and that there had been "no concrete negotiations".