March 20, 2013 / 2:53 PM / 5 years ago

Metro says happy with Booker stake

DUESSELDORF, Germany (Reuters) - German retailer Metro AG MEOG.DE said it is happy with its ownership of a 9 percent stake in UK cash and carry firm Booker (BOK.L), and an exit is not on the cards.

Metro acquired the stake and agreed a lock-up as part of a deal to sell its cash and carry operations in Britain to Booker last year.

“Right now we are very happy with ownership, so there is not a necessity to speculate right now about stepping out of the 9 percent,” Chief Executive Olaf Koch told analysts.

Reporting by Victoria Bryan

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