CECONOMY AG
METRO AG: METRO GROUP sells Galeria Kaufhof to Hudson’s Bay Company for EUR2.825 billion
METRO AG / Key word(s): Disposal 15.06.2015 07:03 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Today, METRO GROUP signed an agreement with Hudson's Bay Company, Toronto/Canada, to sell Galeria Kaufhof which includes the operational department store business both in Germany (GALERIA Kaufhof) and Belgium (GALERIA INNO) as well as the corresponding owned real estate portfolio. The purchase price (enterprise value) is EUR2.825 billion. With this transaction METRO GROUP expects a positive cash inflow of around EUR1.6 billion and to significantly reduce its rating-relevant net debt by around EUR2.7 billion. Moreover METRO GROUP expects a positive EBIT effect (special item) in the region of around EUR0.7 billion from the transaction. The transaction is expected to be closed end of September 2015. 15.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: METRO AG Metro-Straße 1 40235 Düsseldorf Germany Phone: +49 (0)211 6886-1936 Fax: +49 (0)211 6886-3759 E-mail: investorrelations@metro.de Internet: www.metrogroup.de ISIN: DE0007257503, DE0007257537, Weitere: www.metro.de/investor relations WKN: 725750, 725753, Weitere: www.metro.de/investor relations Indices: MDAX Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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