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New Deal


Announced

Sale by Ceconomy of a 9% stake in Metro to EP Global Commerce.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned7%
Capital Bid For9%
EV/Sales-
EV/EBITDA5.5x
Share Price Premium19%
One Off Charge-

Sources

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Tags

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retail

Diversified Retailers

Germany

Friendly

Pending

Public

Acquisition

Minority

Single Bidder

Synopsis

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Ceconomy sold a 9% stake in Metro, a Germany-based food services company, to EP Global Commerce. EP Global Commerce II, indirectly wholly owned by entrepreneurs Daniel Kretínský and Patrik Tkáč, signed an agreement with Ceconomy to acquire their approximately 3.6% stake in METRO. In addition, EPGC II has agreed with Ceconomy on an option scheme regarding the acquisition of additional approximately 5.4% of the shares in METRO which is expected to be exercised within nine months.

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