Edition:
India

Metro AG (B4B.DE)

B4B.DE on Xetra

14.41EUR
18 Oct 2019
Change (% chg)

€-0.28 (-1.87%)
Prev Close
€14.69
Open
€14.65
Day's High
€14.66
Day's Low
€14.31
Volume
666,202
Avg. Vol
952,508
52-wk High
€16.35
52-wk Low
€11.50

Latest Key Developments (Source: Significant Developments)

Metro CEO: Will Use Proceeds From Chinese Business Sale To Strengthen Our M&A Activities
Friday, 11 Oct 2019 

Oct 11 (Reuters) - Metro AG ::METRO CEO SAYS WE CAN SELL OUR 20% STAKE IN NEW CHINESE JV AT SOME LATER DATE.METRO CEO SAYS WE ARE VERY OPTIMISTIC THAT WE WILL SUCCEED IN SELLING OUR REAL BUSINESS.METRO CEO SAYS WE WILL USE PROCEEDS FROM CHINESE BUSINESS STAKE TO STRENGTHEN OUR M&A ACTIVITIES.METRO CEO SAYS WE HAVE PUT OPTION ON OUR REMAINING STAKE IN THE CHINA BUSINESS, WHICH MATURES IN TWO YEARS.  Full Article

Metro AG Says Metro China To Be Led By Claude Sarrailh And His Management Team
Friday, 11 Oct 2019 

Oct 11 (Reuters) - Metro AG ::SAYS METRO CHINA WILL BE LED BY CLAUDE SARRAILH, THE CURRENT EXECUTIVE OFFICER, AND HIS MANAGEMENT TEAM.CURRENT MINORITY SHAREHOLDERS IN METRO CHINA INTEND TO DIVEST THEIR TOTAL 10% STAKE IN A SEPARATE PROCESS.METRO AG EXPECTS THE TRANSACTION TO CLOSE BY THE SECOND-QUARTER OF CALENDAR YEAR 2020 AT THE LATEST.SAYS JV RESULTING FROM DEAL WITH WUMEI WILL HAVE A 3 - 3 SEVEN-PERSON BOARD OF DIRECTORS, INCLUDING TWO APPOINTED BY METRO.  Full Article

Germany's Cartel Office Clears Acquisition Of Stakes In Metro's Real By Redos
Friday, 11 Oct 2019 

Oct 11 (Reuters) - Germany's cartel watchdog: :WE APPROVE ACQUISITION OF STAKES IN METRO'S REAL HYPERMARKETS BY REDOS.  Full Article

Metro Confirms Advanced Negotiations With Wumei Technology
Friday, 11 Oct 2019 

Oct 11 (Reuters) - METRO AG ::CONFIRMS FAR ADVANCED NEGOTIATIONS WITH WUMEI TECHNOLOGY GROUP REGARDING A SALE OF A MAJORITY INTEREST IN METRO CHINA.CONSIDERATION WOULD CONSIST OF (I) ESTIMATED NET PROCEEDS OF APPROX. EUR 1.0 BN AND (II) A PARTICIPATION OF METRO OF APPROX. 20% IN BUYER AS FUTURE HOLDING COMPANY OF METRO CHINA.PARTNERSHIP WOULD INCLUDE 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.  Full Article

Germany’s Metro Sells, Leases Back 11 Central European Stores
Monday, 2 Sep 2019 

Sept 2 (Reuters) - Metro AG ::METRO PROPERTIES SELLS REAL ESTATE ASSETS IN POLAND, HUNGARY, CZECH REPUBLIC IN SALE AND LEASEBACK TRANSACTION, VOLUME 250 MILLION EUR.  Full Article

EP Global Commerce’s Total Metro AG Holdings At 37.99% -Statement
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - EP Global Commerce::TOTAL NUMBER OF METRO <<>> SHARES TAKEN INTO ACCOUNT FOR MINIMUM ACCEPTANCE THRESHOLD IS EQUIVALENT TO APPROX 37.99%.  Full Article

EP Global Commerce’s Total Metro AG Holdings At 36.51% -Statement
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - EP Global Commerce::TOTAL NUMBER OF METRO B4B.DE SHARES TAKEN INTO ACCOUNT FOR MINIMUM ACCEPTANCE THRESHOLD IS EQUIVALENT TO APPROX 36.51%.  Full Article

Beisheim, Meridian Buy Additional Shares In Metro -Spokeswoman
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Spokeswoman for Metro AG investors Beisheim and Meridian:: INVESTORS' POOL HAS BOUGHT FIRST ADDITIONAL SHARES IN METRO.  Full Article

Metro CEO Says We Will Invest Parts Of Real, China Proceeds In Growth
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Metro AG ::CEO SAYS PROCEEDS FROM REAL SALE AND TRANSACTION IN CHINA WILL BE MORE THAN 1 BILLION EUR.CEO SAYS EXECUTIVE AND MANAGEMENT BOARD DECISION TO REJECT TAKEOVER BID WAS TAKEN UNANIMOUSLY.CEO SAYS WE WILL INVEST PARTS OF REAL, CHINA PROCEEDS IN GROWTH.  Full Article

Talks Over Metro's Real Are Progressing Well, Redos Chief Tells Magazine
Thursday, 4 Jul 2019 

July 4 (Reuters) - Redos chief tells German business weekly Wirtschaftswoche: :TALKS ON TAKEOVER OF METRO'S REAL HYPERMARKETS ARE PROGRESSING WELL .  Full Article

Photo

Czech investor takes stake in Casino after failed Metro bid

PARIS Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac have bought a 4.63% stake in debt-laden French retailer Casino , a month after failing to take over Germany's Metro AG .