Metro rises after top investor Kretinsky increases stake to almost 50%

Metro AG

28/03/2024 07:56

** Shares in Metro  B4B.DE  are up 2.3% in early Frankfurt
trade after Czech billionaire Daniel Kretinsky increased his
stake in the German wholesale group by 4.37% to 49.99%
    ** Shares gained another 1.5% in extended trading after
German weekly "Lebensmittelzeitung" had reported on the topic
earlier the day, a local trader says
    ** In October, Metro said Kretinsky was invested for the
long term
    

 (Reporting by Mateusz Dobrzyniewski)
 ((Mateusz.dobrzyniewski@thomsonreuters.com))