UPDATE: real,- officials dismiss takeover rumors as mere speculation

“There is no plan regarding giving up the division of real,- sales on the Romanian market. Moreover, METRO GROUP trusts the development of the real,- sales line on a promising market with potential, and in the future we will continue to strengthen our position on the Romanian hypermarket sector,” said Joel Saveuse, member of the administration board of METRO AG.

 “We are looking at all the opportunities on the market to grow our business, either through a constant expansion or through acquisitions. Any comment connected to a potential takeover of real-, Hypermarket Romania are simple speculations on the market and need to be treated as such,” said Michel Lamoot CEO real,- Hypermarket Romania

 This week the Romanian media reported that British retailer Tesco is negotiating a takeover of real,- hypermarkets, trying to penetrate the Romanian market through a takeover.

 Tesco is the largest British retailer, with sales of 62 million pounds. Tesco recruited Andreea Lupea, 35, former operations manager of the real,- network in Romania until April this year, when she announced she would leave this position to dedicate herself to personal projects. She also worked in Metro Cash & Carry România, where she was promoted in 2003 as regional network manager.

 Tesco officials, however, have also denied the rumors that the retailer is eyeing making an acquisition on the local market.

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 At the moment, the hypermarket operators active on the local market are international groups such as Metro, Cora, Auchan and Kaufland, which have reached cumulated sales of around EUR 3 billion, which represents a 10 percent decrease compared to the previous year.

 Otilia Haraga