METRO AG
WKN: BFB001 ISIN: DE000BFB0019 Land: Deutschland
Nachricht vom 11.10.2019 | 12:42
METRO AG confirms far advanced negotiations with Wumei Technology Group regarding a sale of a majority interest in METRO China
METRO AG / Key word(s): Disposal
METRO AG confirms far advanced negotiations with Wumei Technology Group regarding a sale of a majority interest in METRO China
11-Oct-2019 / 12:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
METRO AG ("METRO") is in far advanced negotiations with Wumei Technology Group, Inc. ("Wumei"), a leading retailer in China, on a strategic partnership regarding METRO's operations in China ("METRO China"). This partnership would include the sale of METRO's entire indirect participation in METRO China to a subsidiary of Wumei ("Buyer") for an enterprise value (100%) of approx. EUR 1.9 bn. The consideration would consist of (i) estimated net proceeds of approx. EUR 1.0 bn and (ii) a participation of METRO of approx. 20% in the Buyer as future holding company of METRO China.
The completion of the potential transaction would be subject to approval by regulatory authorities.
Contact:
METRO AG
Sabrina Ley
Director Investor Relations
11-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: | English |
Company: | METRO AG |
Metro-Straße 1 | |
40235 Dusseldorf | |
Germany | |
Phone: | +49 (0)211 6886-1524 |
Fax: | +49 (0)211 6886-3759 |
E-mail: | investorrelations@metro.de |
Internet: | www.metroag.de |
ISIN: | DE000BFB0019, DE000BFB0027 |
WKN: | BFB001, BFB002 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in |
Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: 889005
End of Announcement | DGAP News Service |
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Metro Wholesale & Food Specialist AG published this content on 11 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2019 11:40:02 UTC