Luxembourg-based financial investment firm SCP Group ("SCP") entered into an agreement with METRO AG ("METRO") to acquire 100% of Real from METRO. Pursuant to this agreement, SCP will become the sole owner of Real’s stationary retail business with 276 stores, the digital business including the online marketplace real.de, 80 real estate properties and all of Real’s affiliated companies. The completion of the sale is subject to the approval of the responsible regulatory and competition authorities as well as the final approval by the board of directors of the stock listed Sistema PJSFC.
Hengeler Mueller advised METRO on the transaction. The team was led by partners Christof Jäckle (Frankfurt) and Nicolas Böhm (Berlin) (both Corporate/M&A) and included partners, Matthias Scheifele (Tax, Munich), Hendrik Bockenheimer (Employment, Frankfurt) and Christoph Stadler (Antitrust, Düsseldorf), counsel Gunther Wagner (Tax, Munich) and Patrick Wilkening (IP/IT, Düsseldorf) as well as associates Tobias Begemann, Hermann Dahlitz, Alexander Orlowski (all Berlin), Aeneas Nalbantis (London), Nicholas Kubesch, Dominik Stolz (both Frankfurt) (all Corporate/M&A), Marius Marx (Frankfurt), Tobias Schwab (Munich) (both Tax), Anne Broll (Employment, Frankfurt) and Christian Dankerl (Antitrust, Düsseldorf).
Inhouse, METRO was represented on the transaction by Christoph Kämper (General Counsel, M&A Lead), Nils Hoffmann (Director Legal M&A), Conny Bickmann, Simon Boll, Matthias Kühn (all Legal M&A), Michael Buch, Reto Batzel (Merger Control), Jan-Patrick Bost, Niklas Bielefeld (Corporate and Capital Markets), Eileen Hudson, Laura Reiling (IP) and Andreas Becker (Financing).