Thursday , August 11 2022

Handelsblatt: A Czech billionaire buys Metro! – BLISTER


The German Antimonopoly Commission has allowed the Czech billionaire Daniel Kretinski to win 25 to 35% of the shares of Metro AG, said Handelsblatt. According to the law of Germany, when buying more than 30% of shares and the company, the Czech billionaire must file an application for taking over Metro AG.

For now, he has not confirmed this, but he is likely to do so after the authorization of the anti-monopoly authority of Germany, he wrote

Already in January, Reuters announced that Kretinski was working on a package to fund buying a supermarket chain. Earlier, the Global Commerce, the owner of the billionaire, bought 7.3 per cent of shares for 316 million euros.

Metro AG has serious financial problems since the beginning of 2018. During the first half of the year, its sale stimulated and reduced the profit, which was easier to negotiate with the Czech billiard.

Daniel Kretinski's state is estimated to be $ 2.6 billion by Forbes in August 2018. Last year, 31% of the Active Hold and Prumyslovy sold for $ 1.6 billion to the Macquarie group of Australia but still have majority share. EPH has over 50 companies in different European countries.

Metro Hypermarket chain has 13 stores in Bulgaria and two specialist centers in Bansko and Sunny Beach. Metro Cash & Carry opened its two first stores in Bulgaria in 1999 – in Sofia on Tsarigradsko shosse Blvd. and in Plovdiv, and now there are two stores in the two largest cities in the country, as well as one in Burgas, Varna, Rousse, Pleven, Veliko Tarnovo, Stara Zagora and Blagoevgrad.


Source link