Germany's Metro is not planning to sell its property assets, despite market rumours that a private equity firm would be interested in a deal, Wolfgang Baumgartinger, head of real estate at Metro Cash & Carry told news agency Reuters on Wednesday. 'There have been quite a few rumours recently, but I guess this happens to all the companies that have a lot of assets in real estate. There is nothing substantial behind it in my view', he said. The world's third-biggest retailer by sales built its business by investing in its own properties and this is not going to change, he added.
Germany's Metro is not planning to sell its property assets, despite market rumours that a private equity firm would be interested in a deal, Wolfgang Baumgartinger, head of real estate at Metro Cash & Carry told news agency Reuters on Wednesday. 'There have been quite a few rumours recently, but I guess this happens to all the companies that have a lot of assets in real estate. There is nothing substantial behind it in my view', he said. The world's third-biggest retailer by sales built its business by investing in its own properties and this is not going to change, he added.