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Lazard adds to German success with €3bn Metro mandate

Lazard's German mergers and acquisition team is advising Metro in the long-running sale of its €3bn ($3.4bn) property division to two competing consortia.

According to sources close to the deal, Lazard is working for AEB, Metro's property vehicle, in evaluating bids for its 350 properties as the company seeks to reduce its €4bn debt pile. Lazard declined to comment.

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