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Metro CEO: Union Warning Of 10,000 Job Cuts Due To Real Sale Too High
Metro AG Reports Fiscal Q1 Sales Of €7.5 Bln, Confirms Outlook
Metro AG Says Co To Sign Hypermarkets Deal At End Of January
Metro AG, formerly Metro Wholesale & Food Specialist AG, is a Germany-based international wholesale and food service business group and dedicated food specialist with a customer base in wholesale in approximately 35 countries in Europe and Asia. The Company business is carried out by two operating segments: the METRO Wholesale segment and the Real segment. The Company operates also as a retailer in the hypermarket segment of German grocery retail market. The Company operates internationally under brands METRO and Real. The Company operates approximately 751 warehouses in 25 countries and approximately 79 delivery depots. The Company also provides foodservice distribution via Classic Fine Foods group, Rungis Express group and Pro a Pro group.
Juergen Bernard Steinemann
Independent Chairman of the Supervisory Board
Olaf G. Koch
Chairman of the Management Board, Chief Executive Officer
Vice Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Management Board
Philippe Dominique Palazzi
Chief Operating Officer, Member of the Management Board
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Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac will raise their stake in German wholesaler Metro AG <B4B.DE> following a failed takeover bid earlier this year, their joint investment vehicle said on Thursday.
At least eight suitors are preparing second-round bids to buy a majority stake in German wholesaler Metro AG's Chinese operations, Reuters learned from people directly involved in the matter, as suitors vie for heft in a changing offline landscape.
German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at between $1.5 billion (1.1 billion pounds) and $2 billion, two people with direct knowledge of the deal said.
German services union Verdi has called a nationwide strike at Metro AG's <B4B.DE> Real hypermarket chain for next Monday to press a demand for its 34,000 staff to be covered by a collective pay deal.
German services union Verdi has called a nationwide strike at Metro AG's Real hypermarket chain for next Monday to press a demand for its 34,000 staff to be covered by a collective pay deal.
Family-owned German investment group Haniel [FHANI.UL] said on Thursday that it had transferred a 7.3 percent stake in retailer Metro AG [B4B.DE] to a Czech-Slovak investor group, after receiving antitrust clearance.
German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion).
German retailer Metro AG previously had contact with potential buyers for its struggling Real hypermarkets so it is optimistic its decision to put them for sale will be met with interest, chief executive Olaf Koch said on Friday.
German retailer Metro AG <B4B.DE> has decided to sell its struggling Real hypermarkets to focus on its wholesale business, the company said in a statement on Thursday.
Shares in Metro AG jumped on Monday as Ceconomy announced it may join family-owned Haniel in selling a stake in the German retailer to an investor group led by Czech billionaire Daniel Kretinsky.
* Czech-Slovak investor group could buy more (Recasts, adds details on deal)
Family-owned German investment group Haniel has agreed to sell a 7.3 percent stake in retailer Metro AG to the Czech Republic's EP Global Commerce (EPCG) for an undisclosed sum, it said on Friday.
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