Metro stock after-hours as Russia unit placed under temporary forced administration
Published on 09/29/2026 at 22:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Metro AG said on September 28, 2026, that its Russian subsidiary, METRO Russia, had been placed under temporary forced administration with immediate effect. The company said it retains formal ownership of the subsidiary but no longer has operational control. METRO AG reported that operational control was transferred to UK Torg RUS, which it identified as being owned by METRO Russia CEO Johannes Tholey.
Company assessing implications
METRO AG said it is analyzing the further effects of the Russian government’s decision. The company said it had taken measures since February 2022 to reduce links between its Russian business and the wider group. METRO said it operates 91 wholesale stores in Russia, where around 9,000 employees work. The company release also said METRO entered the Russian market in 2001.
Management transition
Separately, METRO AG said Eric Riegger, its current chief financial officer, will become chief executive officer on October 1, 2026. He will succeed Steffen Greubel, who is stepping down at his own request on September 30, 2026. METRO AG said Riegger will retain his finance responsibilities alongside the CEO role.
