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CECONOMY AG
Regulatory Filings • Aug 11, 2017
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News Details
Corporate | 11 August 2017 09:26
METRO AG renamed CECONOMY AG
DGAP-News: METRO AG / Key word(s): Strategic Company Decision
11.08.2017 / 09:26
The issuer is solely responsible for the content of this announcement.
METRO AG renamed CECONOMY AG
Today, the renaming of METRO AG to CECONOMY AG was entered into the commercial register. Thus, one of the last steps following the demerger of METRO GROUP into two independent companies has been completed as announced.
“As the leading platform for business models, concepts and brands in the field of consumer electronics, we empower the lives of consumers in the digital world. We are now expressing this also through our name,” says Pieter Haas, Chief Executive Officer of CECONOMY AG.
In this respect “CE” stands for the area in which the company operates, the consumer electronics industry, and “ECONOMY” for the focus on the financial market and the aim for profitable and sustained growth. “CON” represents both “consumer” and “connectivity”, i.e. customer-oriented thinking and the seamless connection of physical and digital lives.
Following the demerger of METRO GROUP into two separate companies CECONOMY AG has already been listed independently under the new ticker symbol CEC on the stock exchange since 13 July 2017, until today’s renaming however under the name METRO AG.
About CECONOMY
CECONOMY AG is the leading platform for companies, concepts and brands in the field of consumer electronics in Europe. The market position of CECONOMY is based above all on the strong brands MediaMarkt and Saturn. With more than two billion contacts per year the CECONOMY companies are to provide consumers with orientation and solutions, thus allowing consumers to make optimum use of the possibilities of innovative technologies. To this end CECONOMY intends to develop new concepts and business models which provide consumers with vital added value and which tap the potential for the economic success of the Company and its shareholders.
Further information
Press contacts
| Andrea Koepfer +49 (151) 1511 5314 [email protected] |
Simone Fuchs +49 (151) 1511 4790 [email protected] |
Investor Relations contacts
| Sebastian Kauffmann +49 (151) 1511 1615 [email protected] |
Stephanie Ritschel +49 (151) 5822 2762 [email protected] |
Silvia Spisla +49 (151) 1511 1450 [email protected] |
11.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | METRO AG |
| Benrather Straße 18-20 | |
| 40213 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 6886-1050 |
| Fax: | +49 (0)211 6886-5500 |
| E-mail: | [email protected] |
| Internet: | www.metrogroup.de, www.ceconomy.de |
| ISIN: | DE0007257503, DE0007257537, Weitere: www.ceconomy.de/de/investor-relations/ |
| WKN: | 725750, 725753, Weitere: www.ceconomy.de/de/investor-relations/ |
| Indices: | MDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |