Metro Said to Hire Deutsche Bank to Advise on Saturn Unit

Metro AG, Germany’s biggest retailer, hired Deutsche Bank AG 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 people said.