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28 May 2012

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Cerberus eyes E600m German Metro retail assets

Property company Promontoria, part of private equity group Cerberus, is interested in acquiring 45 German Metro Cash & Carry markets, valued at around E600m and held by the three principal stockholders in Düsseldorf-based Metro - Haniel, Schmidt-Ruthenbeck and Beisheim. The three already sold 19 Real supermarkets to an investor last year.

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