Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Major shareholder wants to reject takeover offer for German store chain Metro - report

Major shareholder wants to reject takeover offer for German store chain Metro - report
FILE PHOTO: Shopping carts of Germany's biggest retailer Metro AG are lined up at a Metro cash and carry market in the western German city of Sankt Augustin near Bonn in May 5, 2010. REUTERS/Wolfgang Rattay -
Copyright
Wolfgang Rattay(Reuters)
Euronews logo
Text size Aa Aa

BERLIN (Reuters) – Meridian Stiftung, a major shareholder in Metro, wants to reject a takeover offer from EP Global Commerce – owned by Czech and Slovak investors – for the German chain as it believes the price offered per share is too low, a newspaper reported.

German regional newspaper Westdeutsche Allgemeine Zeitung said Meridian Stiftung did not want to end its commitment to Metro though, even for fundamental reasons. Meridian Stiftung holds a 14.19% stake in Metro.

(Reporting by Michelle Martin; Editing by Douglas Busvine)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.