CECONOMY AG — M&A Activity 2015

Jun 15, 2015

News Details

Ad-hoc | 15 June 2015 07:03

METRO AG: METRO GROUP sells Galeria Kaufhof to Hudson’s Bay Company for EUR2.825 billion

METRO AG / Key word(s): Disposal

15.06.2015 07:03

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Today, METRO GROUP signed an agreement with Hudson's Bay Company,
Toronto/Canada, to sell Galeria Kaufhof which includes the operational
department store business both in Germany (GALERIA Kaufhof) and Belgium
(GALERIA INNO) as well as the corresponding owned real estate portfolio.

The purchase price (enterprise value) is EUR2.825 billion. With this
transaction METRO GROUP expects a positive cash inflow of around EUR1.6
billion and to significantly reduce its rating-relevant net debt by around
EUR2.7 billion. Moreover METRO GROUP expects a positive EBIT effect
(special item) in the region of around EUR0.7 billion from the transaction.

The transaction is expected to be closed end of September 2015.

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Financial/Corporate News and Press Releases.
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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: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX

End of Announcement DGAP News-Service

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