Metro set for best day ever on delisting agreement with EP Global Commerce

Metro AG

06/02/2025 08:27

(Updates share move, adds milestone and quarterly results)
    ** Shares in Metro  B4B.DE  surge 38%, on track for their
best day ever, after the German wholesale group said on
Wednesday it signed an agreement with largest shareholder EP
Global Commerce (EPGC) to delist its shares
    ** EPGC, a holding company controlled by Czech billionaire
Daniel Kretinsky which holds a 49.99% stake in Metro, will offer
5.33 euros per share
    ** The offer price represents a 36.5% premium to Metro share
price of 3.905 euros at Wednesday close
    ** Metro's management supports the delisting, the company
says in a statement
        ** Metro on Wednesday also 
    posted
     its Q1 results, with sales up 5.6% at 8.57 billion euros,
and confirmed FY guidance
  
        ** "Good sales but weaker earnings growth," analysts at
Baader Helvea say
  
    ** The stock, which has gained 29.5% YTD including today's
session, tops Germany's small-cap index  .SDAXI 

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))