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METRO AG, DE000BFB0019

METRO AG, DE000BFB0019

11.10.2019 - 14:48:28

METRO AG sells majority interest in METRO China to Wumei Technology Group

Today, METRO AG ("METRO") has entered into an agreement 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 includes 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 consists of (i) estimated net proceeds of more than 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 this transaction is 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: 889061   End of Announcement DGAP News Service

889061  11-Oct-2019 CET/CEST

@ dgap.de