Ad-hoc | 7 August 2014 13:43
METRO AG / Key word(s): Disposal
07.08.2014 13:43
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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METRO GROUP has today signed an agreement with the Thai consumer
diversified supply chain group Berli Jucker Public Company Limited (BJC) to
divest its complete wholesale business in Vietnam. BJC will take over the
entire operational business of METRO Cash & Carry Vietnam including all 19
wholesale stores and the related real estate portfolio for an enterprise
value of EUR655 million. From this transaction, METRO GROUP is expected to
generate a positive extraordinary EBIT effect in the mid three-digit
million Euro range for the financial year 2014/15.
The transaction is subject to customary closing conditions and approvals
from relevant authorities and is expected to close in the first half of
2015.
METRO GROUP entered the Vietnamese market in 2002 with its cash & carry
wholesale business and is currently operating 19 wholesale stores with
about 3,600 employees. The local subsidiary generated sales of EUR516
million in the pro-forma financial year 2012/13.
07.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: METRO AG
Metro-Straße 1
40235 Düsseldorf
Germany
Phone: +49 (0)211 6886-1936
Fax: +49 (0)211 6886-3759
E-mail: investorrelations@metro.de
Internet: www.metrogroup.de
ISIN: DE0007257503, DE0007257537, Weitere: www.metro.de/investor
relations
WKN: 725750, 725753, Weitere: www.metro.de/investor relations
Indices: MDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX
End of Announcement DGAP News-Service
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