EP Global Commerce's Unsolicited Offer Substantially Undervalues METRO

(PresseBox) ( Düsseldorf, )
The Management Board of METRO AG acknowledges the intention of EP Global Commerce VI GmbH (EPGC) to make a voluntary public takeover offer for all of METRO AG’s shares. METRO will comprehensively comment on this unsolicited offer once the full offer document is available.

The offer price represents a premium of about 3% over the closing price of ordinary shares of Friday, 21 June. The Management Board of METRO strongly believes that the offer of EUR 16.00 for each ordinary METRO share and EUR 13.80 per preference METRO share substantially undervalues the company and does not reflect its value creation plan. METRO’s management is continuing to take decisive actions to transform the wholesale and food specialist and effectively position it for the changing market environment with the objective to drive sustainable long term value creation. We advise our shareholders not to take action prior to the reasoned statement with respect to the offer to be issued by the Management Board and the Supervisory Board.

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