EPGC’S Voluntary Takeover Offer has not reached the minimum acceptance threshold

09 August 2019Download

Today, the Management Board and the Supervisory Board of METRO AG note that EP Global Commerce VI GmbH (EPGC), a holding company controlled by Daniel Křetínský, has not reached the minimum acceptance threshold of 67.5% for its Voluntary Takeover Offer, initially published on 10 July 2019.

The Management Board and the Supervisory Board welcome EPGC’s intention to generally support METRO’s transformation process and strategy and continue to be open to a constructive dialogue.

METRO is a leading international wholesale company with food and non-food assortments that specialises on serving the needs of hotels, restaurants and caterers (HoReCa) as well as independent traders. Around the world, METRO has some 24 million customers who can choose whether to shop in one of the large-format stores, order online and collect their purchases at the store or have them delivered. METRO in addition also supports the competitiveness of entrepreneurs and own businesses with digital solutions and thereby contributes to cultural diversity in retail and hospitality. Sustainability is a key pillar of METRO’s business. METRO has been the sector leader in the Dow Jones Sustainability Index for the last four years. The company operates in 36 countries and employs more than 150,000 people worldwide. In financial year 2017/18, METRO generated sales of €36.5 billion. In September 2018 METRO AG initiated the divestment process for the food retail chain Real with its 34,000 employees to transform into a pure wholesale company.