Metro soars after delisting agreement with EP Global Commerce

Metro AG

06/02/2025 07:20

** Shares in Metro  B4B.DE  surge 36% in early Frankfurt
trade 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
    ** The stock, which has lost 5.7% YTD, is seen to top
Germany's small-cap index  .SDAXI 

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