METRO AG

Regulatory Filings • Dec 5, 2019

News Details

Ad-hoc | 5 December 2019 11:01

METRO AG agrees with consortium of SCP Group and x+bricks on a memorandum of understanding and exclusive negotiations on Real transaction

METRO AG / Key word(s): Disposal/Agreement

METRO AG agrees with consortium of SCP Group and x+bricks on a memorandum of understanding and exclusive negotiations on Real transaction

05-Dec-2019 / 11:01 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

---

METRO AG (“METRO”) agreed with a consortium of The SCP Group S.à r.l. and x+bricks AG (the “Consortium”) on a memorandum of understanding and exclusive negotiations regarding the sale of its hypermarket business and related business activities (“Real”). The negotiations with the other bidder consortium around redos real estate GmbH have been terminated.

The agreed concept foresees a sale of Real as a whole without a remaining stake of METRO in Real. The current status of negotiation implies a net cash inflow from the potential transaction of approx. EUR 0.5 bn.

It is the aim to conclude on the basis of the memorandum of understanding with the Consortium a sale agreement (“Signing”) until end of January 2020. If and under which conditions a Signing regarding the hypermarket business may be concluded between METRO and the Consortium depends on the further course of the negotiations.

A potential Signing is subject to the approval of the Management Board and the Supervisory Board of METRO. The completion of a potential transaction would be subject to approval by anti-trust and regulatory authorities.

Contact:

METRO AG

Sabrina Ley

Director Investor Relations

---

05-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

---

Language:	English
Company:	METRO AG
	Metro-Straße 1
	40235 Dusseldorf
	Germany
Phone:	+49 (0)211 6886-1524
Fax:	+49 (0)211 6886-3759
E-mail:	investorrelations@metro.de
Internet:	www.metroag.de
ISIN:	DE000BFB0019, DE000BFB0027
WKN:	BFB001, BFB002
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	928991

End of Announcement	DGAP News Service