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Metro denies deal with Wal-Mart, Tesco denies collecting funds for Real It is hardly a surprise that both Metro and Tesco are denying recent speculations about various corporate deals being prepared. Such speculations appear regularly in the financial press and show that the situation in European commerce is still far from stabilized. Recently, top Ahold management said that there would be only three important global players in the future - Wal-Mart, Carrefour and Ahold. Last Sunday, the leading German newspaper Welt am Sonntag told about a possible exchange of shares between Wal-Mart and Metro. This would include an exchange where the U.S. multinational would get Metro's Real hypermarkets in Germany and the German giant would take over Wal-Mart's Sam's Clubs, to strengthen its cash and carry operations. On Monday this week, a Metro spokesperson emphatically denied this, calling the press item wild speculations. Tesco was also mentioned in the press, in connection with Real. The British multinational was said to be collecting the financing for a purchase of the Real chain. Also this was denied by a Tesco spokesperson.
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