DGAP-Adhoc: METRO AG: Exclusive Negotiations on Sale of Real

2019. május 08., szerda, 18:14

DGAP-Ad-hoc: METRO AG / Key word(s): Disposal/Agreement

METRO AG: Exclusive Negotiations on Sale of Real

08-May-2019 / 18:14 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.

Düsseldorf, May 8, 2019

Today METRO AG has concluded an agreement on exclusive negotiations regarding the sale of its hypermarket business and related business activities ("Real") with a consortium led by redos.

The agreement provides that Real shall be sold to redos as a whole. METRO AG shall initially retain a participation of 24.9% in the operative business of Real and has a put option that shall be exercisable at the earliest after three years.

The current status of the negotiations implies an enterprise value of approximately EUR 1 billion, an equity value of approximately EUR 0.5 billion and a net cash inflow of approximately EUR 0.5 billion. Based on this, METRO AG will impair the value of the hypermarket business in the amount of EUR 385 million in its half-year financial accounts.

The aim is to conclude a sale agreement ("Signing") on the basis of an in-depth due diligence in summer 2019. If and under which conditions a Signing regarding the hypermarket business may be concluded between METRO AG and redos depends on the further course of the negotiations.

A potential Signing is also subject to the approval of the Management Board and the Supervisory Board of METRO AG. The completion of the transaction depends on the completion of further conditions. In particular, clearances by the anti-trust and regulatory authorities would be required.



Sabrina Ley

Director Investor Relations

08-May-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

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; Luxembourg Stock Exchange
EQS News ID: 808643

End of Announcement DGAP News Service

808643  08-May-2019 CET/CEST

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