EPGC publishes new acquisition offer

EP Global Commerce GmbH (‘EPGC’) yesterday made an additional voluntary public offer to acquire all METRO shares not directly held by EPGC. This is intended to give shareholders who missed EPGC's public delisting offer completed in April 2025 another opportunity to sell their shares.

The new acquisition offer initially provides for an initial five-week acceptance period at the same offer price as in the previous delisting offer. After expiry of this initial acceptance period, EPGC will allow the offer to be accepted for a further three months at a reduced cash offer price. The first acceptance period with a cash offer price of EUR 5.33 per METRO share began on 26 May 2025 and ends on 30 June 2025; the second acceptance period with a cash offer price of EUR 4.99 per METRO share begins on 9 July 2025 and ends on 30 September 2025.

Trading in METRO shares on the regulated market of the Frankfurt Stock Exchange was discontinued with effect from 16 April 2025 (delisting). METRO shares can currently still be traded on the open market of the Hamburg Stock Exchange. Therefore, the new offer is not subject to the provisions of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz) and the disclosure requirements set out therein. Accordingly, unlike in the case of the previous delisting offer, the Management Board and Supervisory Board of METRO AG will not issue a reasoned statement on the new offer.

With regard to the initial offer price of EUR 5.33, the considerations set out in the reasoned statement published on 31 March 2025 remain valid in principle.