date:Jul 21, 2014
Metro AG (MEO), Germanys biggest retailer, hired Deutsche Bank AG (DBK) to explore options for its consumer-electronics division, according to two people with direct knowledge of the matter.
Alternatives may include a sale, spinoff or initial public offering of the Media-Saturn unit, said the people, who asked not to be identified because the matter is private. The division, which includes the Media Markt and Saturn chains, could be valued at about 5 billion euros ($6.8 billion), one of the peo