Press Releases

Annual General Meeting 2017 - Shareholders resolve demerger of METRO GROUP

02/07/2017

  • 99.95% approval of the demerger of METRO GROUP into two strong and successful companies with a clear strategic focus
  • METRO and CECONOMY: independent and with a clear profile
  • New METRO share to start trading in mid-2017
  • Changes in the composition of the Supervisory Board of METRO AG

Düsseldorf, 6 February 2017 – At today's Annual General Meeting, the shareholders of METRO AG approved the demerger of METRO GROUP into two strong and successful companies with a clear strategic focus. 99.95% of the voting share capital represented endorsed the proposed hive-down and spin-off agreement of 13 December 2016. The approval is a milestone on the road to two independent companies, creating a leading wholesale and food specialist operating under the METRO brand and the European leader in the consumer electronics business operating under the CECONOMY brand. The demerger will enable both companies to become faster, more focused and more agile in order to create even greater value for customers.

For further information, please see the attached press release.