The Federal Financial Supervisory Authority (BaFin) has approved the stock exchange listing for METRO Wholesale & Food Specialist AG (future METRO AG). Following the positive decision by the Higher Regional Court of Düsseldorf (Oberlandesgericht), this is another step in the process of demerging METRO GROUP into two strong, successful and strategically focused companies. The shares of the new METRO AG are expected to be listed on the stock exchange by Mid-July 2017. According to current plans, the demerger of the former METRO GROUP into new METRO AG, a leading Wholesale and Food specialist, and the future CECONOMY AG, number one for Consumer Electronics in Europe, is expected to be entered into the commercial register by the middle of July. The former METRO AG is expected to be renamed CECONOMY following registration of the demerger. On the first day of trading, each shareholder in the previous METRO AG will receive a share in the new METRO AG in addition to their future CECONOMY share. These new shares are entitled to dividends for the financial year beginning 1 October 2016. The common shares of new METRO AG have the International Securities Identification Number (ISIN) DE000BFB0019 and the securities identification code (Wertpapierkennnummer - WKN) BFB 001; the stock code is B4B. The ISIN of the preferred shares is DE000BFB0027, the WKN is BFB 002 and the stock code is B4B3. Following successful completion of the registration, the custodian bank of the shareholders will credit the shares of new METRO to the custodian of the respective shareholder of the future CECONOMY.
For further information, please see the attached press release.