The German wholesale company Metro has received a new, rival bid for its Real supermarkets. They have been on display for some time and the wholesale company was negotiating with a consortium led by real estate investor Redos.

Now a group with the German real estate investor X-Bricks and the Dutch SCP Group is also showing interest. They say they have made a “significantly” higher bid on the Real branch than Redos, without mentioning a specific amount. The Redos offer previously gave the Real chain an enterprise value of around 500 million euros.

Kaufland, part of Lidl owner Schwarz Group, also works together with X-Bricks and SCP as an ‘exclusive partner’. That is a setback for Redos, which wanted to sell a number of the 280 Real branches in a deal and now cannot count on Kaufland’s interest.

Metro has indicated that it has been in contact with X-Bricks, but still wants to reach an agreement with Redos. According to the company, that would be in the best interests of shareholders, Real and employees.

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