Metro minority stakeholder makes takeover offer

Source: Reuters, Monday, Jun 24, 2019

EP Global Commerce, an acquisition vehicle owned by Czech and Slovak investors, is making a takeover offer for German retailer Metro that values the company at EUR5.8 billion. In recent years, Metro has been restructuring to focus on its core cash-and-carry business, selling off the Kaufhof department stores and then splitting from consumer electronics group Ceconomy.