Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Metro AG    B4B   DE000BFB0019

METRO AG

(B4B)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

METRO : confirms far advanced negotiations with Wumei Technology Group regarding a sale of a majority interest in METRO China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2019 | 06:45am EST

DGAP-Ad-hoc: METRO AG / Key word(s): Disposal
METRO AG confirms far advanced negotiations with Wumei Technology Group regarding a sale of a majority interest in METRO China

11-Oct-2019 / 12:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


METRO AG ("METRO") is in far advanced negotiations with Wumei Technology Group, Inc. ("Wumei"), a leading retailer in China, on a strategic partnership regarding METRO's operations in China ("METRO China"). This partnership would include the sale of METRO's entire indirect participation in METRO China to a subsidiary of Wumei ("Buyer") for an enterprise value (100%) of approx. EUR 1.9 bn. The consideration would consist of (i) estimated net proceeds of approx. EUR 1.0 bn and (ii) a participation of METRO of approx. 20% in the Buyer as future holding company of METRO China.

The completion of the potential transaction would be subject to approval by regulatory authorities.
 

Contact:
METRO AG
Sabrina Ley
Director Investor Relations

11-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: METRO AG
Metro-Straße 1
40235 Dusseldorf
Germany
Phone: +49 (0)211 6886-1524
Fax: +49 (0)211 6886-3759
E-mail: investorrelations@metro.de
Internet: www.metroag.de
ISIN: DE000BFB0019, DE000BFB0027
WKN: BFB001, BFB002
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 889005

 
End of Announcement DGAP News Service

889005  11-Oct-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=889005&application_name=news&site_id=zonebourse

© EQS 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on METRO AG
11/07METRO AG : Release according to Article 40, Section 1 of the WpHG [the German Se..
EQ
11/04METRO : Czech-Slovak billionaires Kretinsky and Tkac become the largest sharehol..
AQ
10/31METRO : Czech investor Kretinsky, partner raise stake in Metro to 29.99%
RE
10/24METRO AG : Annual results
CO
10/21METRO : Cash and Carry wins the ‘Best Place to Work and Best in Retail' Aw..
AQ
10/16CEO OF GERMANY'S CECONOMY ON WAY OUT : sources
RE
10/11METRO : sells majority interest in METRO China to Wumei Technology Group
PU
10/11METRO : sells majority interest in METRO China to Wumei Technology Group
EQ
10/11METRO : confirms far advanced negotiations with Wumei Technology Group regarding..
PU
10/11METRO : confirms far advanced negotiations with Wumei Technology Group regarding..
EQ
More news
Financials (EUR)
Sales 2019 29 676 M
EBIT 2019 898 M
Net income 2019 460 M
Debt 2019 2 386 M
Yield 2019 4,60%
P/E ratio 2019 11,7x
P/E ratio 2020 14,5x
EV / Sales2019 0,26x
EV / Sales2020 0,25x
Capitalization 5 394 M
Chart METRO AG
Duration : Period :
Metro AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends METRO AG
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 14,59  €
Last Close Price 14,87  €
Spread / Highest target 27,8%
Spread / Average Target -1,86%
Spread / Lowest Target -27,4%
EPS Revisions
Managers
NameTitle
Olaf G. Koch Chairman-Management Board & CEO
Juergen B. Steinemann Chairman-Supervisory Board
Philippe Palazzi Chief Operating Officer
Christian Baier Chief Financial Officer
Florian Funck Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
METRO AG11.01%5 935
SYSCO CORPORATION29.62%41 441
SEVEN & I HOLDINGS CO., LTD.-10.29%34 799
WOOLWORTHS GROUP LIMITED29.33%32 384
TESCO PLC22.04%29 012
AHOLD DELHAIZE N.V.8.58%28 987