NEWS (July 3, 2013)

Schoenherr completed closing of Germany’s Metro Group on the sale of its retailer real

The Kiev office of Schoenherr successfully closed the sale of the Ukrainian operations and real estate assets of the retailer real,-, owned by Germany's METRO Group, to the French retailer Groupe Auchan.

As previously reported, the transaction was announced on 30 November 2012 and with an overall transaction volume of EUR 1.1 billion is one of the biggest deals of the year. In addition to the real,-  hypermarkets in Ukraine, the deal also saw Groupe Auchan take over the operational activities and real estate assets of the METRO GROUP in Poland, Romania, and Russia.

Schoenherr Ukraine served as Ukrainian counsel to METRO Group's lead counsel Hengeler Mueller (Germany). The Schoenherr Ukraine team was led by Mariya Sukhan (M&A) and attorney Dmytro Biryuk (M&A, Real Estate).

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