Duisburg, 4 October 2018. Haniel Finance Deutschland GmbH, a wholly owned subsidiary of Franz Haniel & Cie. GmbH (Haniel) today transferred 7.3 per cent of the issued ordinary shares in METRO AG previously owned by Haniel to EP Global Commerce GmbH (EPGC), Germany, after obtaining approval from the responsible antitrust authorities, as foreseen in the agreement signed on 24 August 2018. EPGC further has a call option allowing EPGC to purchase up to 15.2 per cent of the issued ordinary shares in METRO AG from Haniel, which is currently METRO AG's largest single shareholder. For EPCG and METRO, this now creates new prospects in a challenging but promising market.
"We welcome Mr Tkáč and Mr Křetínský as new investors in METRO AG and look forward to their impulses for the further development of METRO's business. The transaction enables Haniel to further diversify and balance out its company portfolio. Here, the focus is on interesting companies that we can successfully develop on their long-term growth path", says Stephan Gemkow, CEO of Haniel.
The parties have agreed not to disclose the agreed purchase price.
Haniel's stake in CECONOMY AG remains unaffected by this transaction.