Metro is selling its Extra business consisting of 245 Extra supermarkets to German cooperative Rewe for an undisclosed amount. The German retailer said that the move is aimed at cutting debt as well as focusing on the food business of its Real stores which are expanding into eastern Europe and Turkey.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
