DUESSELDORF (dpa-AFX) - Metro AG (MTAGF.PK, MTTRY.PK), Germany's largest retailer, abandoned talks to acquire the country's biggest specialty market and supplier of fine foods from Dr. August Oetker KG, Bloomberg reported citing a person familiar with the matter.
The report said that Metro and Oetker failed to agree on a price for FrischeParadies, German for fresh paradise. Oetker, a closely held German company with interests ranging from frozen pizza to brewing and shipping, was seeking about 80 million euros.
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