DGAP-Adhoc: METRO AG sells majority interest in METRO China to Wumei Technology Group
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DGAP-Ad-hoc: METRO AG / Key word(s): Disposal 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. 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: | 889061 |
| End of Announcement | DGAP News Service |
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889061 11-Oct-2019 CET/CEST
