German retail group Metro has insisted it is still weighing up its options on the future of its Extra stores, despite reported interest from the country’s leading grocer, Edeka.
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Metro told just-food this afternoon (19 November) that no decision had been reached on the future of its Extra business in Germany.
“We are actively considering several options for Extra and selling is one of the options but we have no other comment,” a Metro spokesman told just-food.
Yesterday, Edeka chairman Alfons Frenk reportedly told the Frankfurter Allgemeine Sonntagszeitung newspaper that the company was interested in the Extra chain, although no offer had been made.
On Friday, Edeka signed a deal to become the majority shareholder in a discount retail venture with Tengelmann.
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By GlobalDataGerman conglomerate Tengelmann, the owner of US retailer A&P, sold control of its Plus business in Germany, which will be placed into a venture with Edeka’s Netto stores.
Edeka will take a 70% stake in the venture, will run around 4,200 stores in total, generating annual sales of about EUR11bn (US$16.1bn).
