DGAP-Adhoc: METRO AG confirms far advanced negotiations with Wumei Technology Group regarding a sale of a majority interest in METRO China
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DGAP-Ad-hoc: METRO AG / Key word(s): Disposal 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. 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. |
| 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: | [email protected] |
| 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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889005 11-Oct-2019 CET/CEST
