September 5, 2019 / 2:59 PM / 3 months ago

Czech investor Kretinsky's Casino investment separate from Metro: spokesman

PRAGUE (Reuters) - Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac’s acquisition of a stake in French retailer Casino (CASP.PA) has no connection to their investment in Germany’s Metro (B4B.DE), a spokesman said on Thursday.

The investors have bought a 4.63% stake in Casino via their Vesa Equity Investment, they announced on Thursday. They also own, through a different company, a 17.52% share in Metro with options to increase that.

“They are separate cases,” spokesman Daniel Castvaj said. “Of course they are the same shareholder structure but [there is a] different strategy for both companies. There is no relation between the investment into Casino and into Metro.”

Reporting by Jason Hovet; Editing by Alexandra Hudson

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