Press Releases

Haniel accepts takeover offer by EP Global Commerce for METRO shares

07/18/2019

Duisburg, 18 July 2019. On 16 July 2019, Haniel Finance Deutschland GmbH, a wholly owned subsidiary of Franz Haniel & Cie. GmbH (Haniel), accepted the voluntary public takeover offer submitted by EP Global Commerce VI GmbH (EPGC) on 10.07.2019 for all of its ordinary shares in METRO AG (54,726,393 shares).

The purchase price of EUR 16.00 per ordinary share in METRO AG offered by EPGC is attractive and clearly meets Haniel´s expectations. It represents a strong premium for all shareholders of METRO AG especially in the light of the necessary and ongoing transformation process of METRO AG.

“We believe that the best opportunity for a successful transformation of METRO AG in such a demanding market environment is the simplification of its shareholders structure and clear governance control of one major shareholder”, says Thomas Schmidt, CEO of Haniel.

Thomas Schmidt: “Therefore Haniel, as one of the founding investors of METRO AG, decided to sell all its shares in METRO AG in order to realize an attractive value, which is offered by EPGC in the proposed takeover offer. In our view EPGC and its shareholders are the right and credible buyers for METRO in order to successfully achieve its transformation in full scope to the benefit of all stakeholders.”

The settlement of the takeover offer is subject to certain offer conditions as set out in the offer document published on 10.07.2019.

The complete press release can be found here.