Hints and tips:
...The so-called “Czech Sphinx” owns 50 per cent of Germany’s Metro supermarket chain and is also in negotiations to buy International Distributions Services, the parent company of the UK’s Royal Mail....
...AG....
...German wholesale retailer Metro AG will keep its 93 cash and carry markets open in Russia, the company said in a memo to staff seen by the Financial Times....
...Metro said that it appreciated the “always good and constructive co-operation” with the analyst concerned and condemned any threats made against her....
...Chemical and pharmaceutical group Bayer, Persil manufacturer Henkel and cash-and-carry company Metro all said they would remain in Russia. Additional reporting by Olaf Storbeck in Frankfurt...
...Major employers also include retailers such as Germany’s Metro AG or France’s Auchan....
...Carlyle/Metro Bank: friends reunited? Dan Frumkin and Carlyle go back a long way....
...Metro AG declined to comment. DPR did not immediately respond to a request for comment....
...Grant Liddell, business development director at Metro Shipping, a Midlands-based logistics company, said the build-up of containers at Felixstowe, the country’s largest container port, was also affecting...
...Hayange, near the German border, is considered a strategic national asset because it makes steel rails for France’s railways and the Paris metro....
...However, in 2017 FREP president Edgar Ernst nonetheless joined the board of German wholesaler Metro AG....
...Shares in Metro were up 7 per cent to €8.90 on Monday....
...In May 2016, the body decided that its leadership must not take on new supervisory board mandates, but in February 2017 Ernst joined the board of German wholesaler Metro AG....
...Ernst came under pressure as the parliamentary inquiry commission uncovered that he joined the supervisory board of German wholesaler Metro AG in an apparent violation of internal governance rules, which...
...He told MPs he had joined the supervisory board of German wholesaler Metro despite a rule imposed in 2016 that barred the agency’s staff from taking on any more outside directorships....
...Shareholders of Metro AG expect its cash-and-carry outlets to give big discounts. But they will want any buyer of the German retail group to pay a full price....
...With $60bn in annual sales, Sysco generates twice as much revenue as Metro. Its stock market value of $35.4bn is about eight times the size of the German company. Metro declined to comment....
...Wonky wheels on Metro’s cart have left it directionless for some time, hurt by competition from discounters. For this reason Metro will leave supermarket retailing and focus on wholesaling....
...Over in Germany, Lex says Metro AG is right to get out while it can. The European grocer is selling its lossmaking hypermarket chain Real but holding on to its wholesaling business....
...He tried to give £120m to Metro Bank, only for it to refuse £50m of the prize because it no longer had big expansion plans....
...“The increase underlines the commitment of EP Global Commerce to Metro AG as a responsible strategic investor,” Mr Kretinsky’s group added....
...Czech billionaire Daniel Kretinsky has failed in his high-profile effort to buy Metro AG, after shareholders in the German food group declined to take up his €5.8bn offer....
...“Our capital structure for the offer is very solid and supports a sustained growth strategy for Metro,” a spokesperson for EP Global said. Shares in Metro slipped 1 per cent to €15.40....
...Czech billionaire entrepreneur Daniel Kretinsky offered €16 a share for wholesaler Metro AG, valuing its equity at €5.8bn. Metro’s managers consider that a discount too far....
...Three months later, Czech businessman Daniel Kretinsky’s €5.8bn offer for retailer Metro fell through....
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