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A Czech billionaire reaches for the düsseldorf-based retail giant Metro. The businessman Daniel Kretinsky want to bear together with its Slovak partner Patrik T

Tug-of-war to Metro: trade group rejects billion Takeover

A Czech billionaire reaches for the düsseldorf-based retail giant Metro. The businessman Daniel Kretinsky want to bear together with its Slovak partner Patrik T

Tug-of-war to Metro: trade group rejects billion Takeover
A Czech billionaire reaches for the düsseldorf-based retail giant Metro. The businessman Daniel Kretinsky want to bear together with its Slovak partner Patrik Tkac, the embattled food group completely. Kretinskys Holding EP Global Commerce under the closing spread on Friday to the stock exchange an offer. Metro spoke to on the Sunday of a substantial under-valuation and advised its shareholders, first of all, from a sale of their share certificates to refrain.EP, with its headquarters in Grünwald near Munich plant dimensions at Metro explains, in his approximately 146, 000 employees no radical reconstruction. "It is not the intention to close the currently existing Metro markets in Germany or other core markets, the Metro Group or jobs to a greater extent to reduce", - stated in the takeover offer. Also, the existing operation should not be terminated agreements and collective agreements in Germany.EP held according to the Metro AG on its Homepage last 10,91% of the shares of the trade group. In August, 2018, the Holding company was entered in the Metro with a share of 7.3 percent. In the meantime, the EP through the purchase of shares and purchase options has already secured access to more than 30 per cent of the shares. EP is one of 53 per cent Kretinsky and 47 percent Tkac. Metro is offering for The small family group Haniel had already been initiated in the spring of 2018, the course for the exit from the Metro commitment to. This had brought Haniel in the past few years, significant losses. Haniel was started in the 60s in the Metro, and had determined since then, the fortunes of the group.The takeover offer have the goal of "a domination and profit and loss transfer agreement to ensure that EP Global Commmerce gives full operational control," said EP. EP offers for the ordinary shares of Metro AG 16,00 Euro and for the preference shares 13.80 euros. This corresponds to an equity value of 5.8 billion euros.The Xetra closing price of the ordinary shares was on Friday at 15.55 euros. Metro noted that the offer price contains a premium of about three percent. The Board was convinced that the quote "a rating of the company and its value creation plan, not reflected". The management Board and the Supervisory Board would evaluate the offer carefully and after submission of the documents of the offer in depth.EP claims to have the "full support of the main shareholder Haniel" that holds 15.2 per cent. Major shareholders the Meridian Foundation (14,19 percent), the Beisheim Holding (6,56%), and Ceconomy (6.39%) are also. In the free float 46,76 percent, according to Metro data. Suermarkt chain Real for The entrance to a METRO Cash & Carry market (picture: Ina Fassbender Kretinsky said to his intentions: "We appreciate the commitment of all Metro employees. You have already gone through very big changes and afford in these difficult times is a remarkable work. You deserve the best long-term strategy and will benefit from the recovery and the long-term growth of Metro."The 43-year-old financial investor, Kretinsky had focused its commitment on the energy and industrial sector. He comes from a middle-class family - the mother was until a few years ago, the constitutional judge, the father of computer science Professor.Metro operation in the previous fall of 771 stores in 26 countries, of which 103 sites in Germany. The company wrestles with problems at the supermarket chain Real and sales in Russia go back. Metro AG had emerged 2017 from the splitting of the Metro Group, the other part is Ceconomy as a holding company, the electronics retailer, Media Markt and Saturn.In the last quarter of depreciation on the supermarket daughter Real had pressed the trade group deep into the red. Metro wants to get rid of these, and speaks exclusively with a consortium led by Hamburg-based real estate group Redos. But until now, there is no contract of sale. All Metro vouchers in June 2019, All of the Real coupons in June 2019

Publish Date : 18 Ağustos 2019 Pazar 13:23

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