Brief: Metro AG Signed Today An Agreement To Divest Metro India To Reliance Retail Ventures Limited

Metro AG

21/12/2022 20:14

Dec 21 (Reuters) - Metro AG  B4B.DE :
    * HAS SIGNED TODAY AN AGREEMENT TO DIVEST METRO INDIA TO
RELIANCE
RETAIL VENTURES LIMITED ("RRVL")
    * METRO AG - UPON CLOSING OF TRANSACTION AND ASSUMING
CONSTANT
CURRENCY, METRO AG EXPECTS A TRANSACTION GAIN OF APPROX. EUR 150
MILLION AND AN EPS GAIN
    * DESPITE SALE OF METRO INDIA, METRO REAFFIRMS ITS RECENTLY
INCREASED MID-TERM AMBITION.
    * TRANSACTION COMPRISES OPERATIVE BUSINESS OF ALL 31 METRO
INDIA
STORES & REAL ESTATE PORTFOLIO INCLUDING 6 STORE-OCCUPIED
PROPERTIES

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