DGAP-Adhoc: METRO AG: METRO GROUP sells Real Eastern Europe for an enterprise value of EUR1.1 billion to Auchan


METRO AG  / Key word(s): Disposal

30.11.2012 12:35

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Today, METRO GROUP signed an agreement with the French retailer Groupe
Auchan about the divestment of Real's business in Eastern Europe. Groupe
Auchan will take over the operational activities and real estate assets of
the METRO GROUP subsidiary in Poland, Romania, Russia and Ukraine. With
this move, Real focuses on the successful further development of its German
business while at the same time facilitating major growth opportunities for
the business operations in Eastern Europe. The enterprise value amounts to
EUR1.1 billion. METRO GROUP will receive a cash inflow of around EUR600
million from this transaction. The rating-relevant net debt will be
significantly reduced by EUR1.5 billion. The divestment still requires
approval by the relevant antitrust authorities and will probably be closed
in 2013.


30.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      METRO AG
              Schlüterstr. 1
              40235 Düsseldorf
              Germany
Phone:        +49 (0)211 6886-1936
Fax:          +49 (0)211 6886-3759
E-mail:       investorrelations@metro.de
Internet:     www.metrogroup.de
ISIN:         DE0007257503, DE0007257537, Weitere: www.metro.de/investor
              relations
WKN:          725750, 725753, Weitere: www.metro.de/investor relations
Indices:      MDAX
Listed:       Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
              Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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