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METRO AG Metro-Straße 1 40235 Düsseldorf, Germany http://www.metrogroup.de
Company logo of METRO AG
METRO AG

METRO sells its belgian operations

(PresseBox) (Düsseldorf, )
.
● METRO aims for leading market positions in wholesale
● Belgian operations do not form part of METRO's sCore growth strategy despite significant efforts to improve performance
● METRO has therefore taken the decision to sell operating business (METRO and MAKRO Belgium) to investor Bronze Properties S.à r.l.
● Transaction was signed and closed today
● Real estate portfolio (11 stores) will remain with METRO AG
● Transaction will lead to approx. €150 million transaction loss and approx. €20 million recurring EBITDA uplift
● METRO confirms its sales and EBITDA adjusted outlook for FY 2021/22 and the mid-term targets

METRO aims to achieve the market position
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio 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.