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Press release Box-ID: 842079

METRO AG Benrather Straße 18-20 40213 Düsseldorf, Germany http://www.metrogroup.de
Contact METRO AG +49 211 68864252
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METRO AG

METRO GROUP confirms timetable for listing of future METRO AG despite shareholders' suits

(PresseBox) ( Düsseldorf, )
Following the Annual General Meeting of METRO AG where the shareholders of METRO AG almost unanimously agreed to the demerger of METRO GROUP into two strong, successful and strategically focused companies, individual shareholders have initiated suits against this at the district court (Landgericht) of Düsseldorf. In total, four suits have been served to METRO AG. Despite these suits METRO GROUP is maintaining the current timetable for the completion of the demerger as well as for the listing of the shares in the future METRO AG planned for mid-year.

“The shareholders of METRO AG, at the Annual General Meeting, approved the plans for the demerger of METRO GROUP with 99.95% of the voting capital represented”, says Olaf Koch, Chairman of the Management Board of METRO AG. “We consider ourselves well-prepared for any legal dispute. We continue to expect that the demerger will become effective in mid-2017.”



 

METRO AG

METRO GROUP is one of the most important international retailing companies. It generated sales of some €58 billion in financial year 2015/16. The company operates at more than 2,000 locations in 29 countries and employs some 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets. More information at www.metrogroup.de

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.