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. Last Updated: 07/27/2016

Wal-Mart to Expand




DUSSELDORF, Germany -- U.S. retail giant Wal-Mart is considering a takeover bid for nearly a quarter of Germany's largest chain of department and grocery stores, according to a magazine report released Wednesday.


The move would nearly quadruple Wal-Mart's presence in Germany.


According to an advanced copy of Thursday's German business magazine Focus Money, the Arkansas-based Wal-Mart has sent accountants to examine the books at Germany's Metro AG with the intent of buying nearly 300 department stores from Metro's Real chain and 500 stores from its Extra supermarket division.