Metro Group’s management board has announced plans for a ‘demerger’ that would split its wholesale and food business and its consumer-electronics business into two separate entities.

Both would be stock-listed individually, with their own distinct profiles, as well as having separate management and supervisory boards.

The demerger, as planned, would see Metro Cash & Carry, Real and other related businesses and services spun off to create a corporate entity that is solely focused on wholesale and food retail.

The remaining Metro AG business, comprising Media-Saturn and its portfolio of formats, would subsequently be dedicated entirely to consumer electronics under a new company name.

The plan would also see Metro AG shareholders receive shares in both companies in proportion to their existing holdings.

Source: www.esmmagazine.com

Prague, 31. March 2016