Rewe to sell its Italian network of supermarkets

The German group Rewe is in negotiations with Conad Soc Group for the sale of much of its Italian network of Billa supermarkets.

According to several business newspapers, talks are well under way. Rewe Group is expected to sell most of its Italian network of Billa supermarkets which total nearly 200 stores. Billa in Italy saw its sales drop by more than 6% of last year.

However, outlets in Lombardy and Veneto, which could be provided by the distribution centers of the Austrian group, could be excluded. source : AGI, il sole24ore, isn