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Sayfa başlığıMETRO AG sells remaining shareholding in Praktiker

11.04.2006

METRO AG sells remaining shareholding in Praktiker

METRO AG realizes c. € 484 million from the disposal of its remaining stake in Praktiker Bau- und Heimwerkermärkte Holding AG. The placement of the shares was successfully conducted by a bank syndicate comprising ABN AMRO, Deutsche Bank und JPMorgan.

METRO AG intends to allocate the funds received to reducing net debt and financing the international expansion program of its growth drivers Metro Cash & Carry and Media Markt and Saturn. The resulting book profit will be disclosed as income from discontinued operations and is not reflected in the 2006 guidance for METRO Group as given in March.

 

METRO Group is one of the most important international retailing companies. In 2005 the group reached sales of € 55.7 billion according to preliminary figures. The company has a headcount of about 250,000 employees and operates more than 2,100 outlets in 30 countries. The operating business is performed by the sales brands 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, and Galeria Kaufhof department stores.

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