30.03.2016
METRO AG DE0007257503
DGAP-Adhoc: METRO AG: METRO AG prepares creation of two independent, listed companies through a demerger of METRO GROUP
METRO AG / Key word(s): Miscellaneous
30.03.2016 08:43
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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The management board of METRO AG is currently preparing the creation of two
independent, listed companies through a demerger of METRO GROUP. Currently
it is planned that the Wholesale and Food Business as well as associated
activities would be transferred to a separate entity through the demerger,
whereas the Consumer Electronics Business would remain as part of the
existing METRO AG. This will create two strongly positioned market leaders
in their respective sectors.
METRO shareholders shall hold shares in both companies in accordance with
their current stakes. The strategic and organizational focus of both
independent companies on their respective activities will open up new
growth perspectives. Simultaneously, the demerger will unlock value
potential at METRO GROUP and as such significantly increase stock market
value.
To date, neither the management board nor the supervisory board of METRO AG
have taken a decision on the demerger of METRO GROUP. Both boards will come
to a final assessment after the completion of the ongoing review. Should
the management board and the supervisory board decide in favor of a
demerger, the ratification by a METRO AG General Shareholder Meeting is
required. Each of the three anchor shareholders has indicated to METRO AG
that they will further support the process. After an approval by the METRO
AG General Shareholder Meeting, the implementation of the demerger is
planned by mid-2017.
30.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: METRO AG
Metro-Straße 1
40235 Düsseldorf
Germany
Phone: +49 (0)211 6886-1936
Fax: +49 (0)211 6886-3759
E-mail: [email protected]
Internet: www.metrogroup.de
ISIN: DE0007257503, DE0007257537, Weitere: www.metro.de/investor
relations
WKN: 725750, 725753, Weitere: www.metro.de/investor relations
Indices: MDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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