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Sayfa başlığıMETRO Group reduces stake in Loyalty Partner

30.09.2005

METRO Group reduces stake in Loyalty Partner

METRO Group reduced its 25% stake in Loyalty Partner.

The shares were acquired by private equity firm Palamon Capital Partners. Following the transaction Metro now stills holds around 10% in the new corporate structure of Loyalty Partner. With 28 million Payback customer cards issued Loyalty Partner operates the largest customer loyalty program in Germany. The METRO Group sales divisions will continue to use the advantages offered by Payback unchanged.

The parties agreed not to disclose the purchase price. The disbursement will generate an income from investments in the mid double-digit million euro range for the METRO Group in fiscal 2005.

 

METRO Group is one of the most important international retailing companies. In 2004 the group reached sales of € 56.4 billion. The company has a headcount of about 250,000 employees and operates around 2,400 locations in 30 countries. The operating business is performed by the sales divisions which operate independently in the market: Metro/Makro Cash & Carry – world market leader in cash & carry wholesale, Real hypermarkets and Extra supermarkets, Media Markt and Saturn – market leader in consumer electronics centers in Europe, Praktiker home improvement and DIY centers, and Galeria Kaufhof department stores.

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