B4B.DE - Metro AG

XETRA - XETRA Delayed Price. Currency in EUR
7.16
-0.04 (-0.58%)
At close: 5:35PM CEST
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Previous Close7.20
Open7.39
Bid7.09 x 0
Ask7.11 x 0
Day's Range6.73 - 7.39
52 Week Range6.10 - 16.35
Volume1,181,380
Avg. Volume1,349,719
Market Cap2.602B
Beta (5Y Monthly)1.02
PE Ratio (TTM)N/A
EPS (TTM)-1.05
Earnings DateFeb 13, 2020
Forward Dividend & Yield0.70 (9.51%)
Ex-Dividend DateFeb 17, 2020
1y Target Est13.22
  • Sysco Approaches Germany’s Metro About Takeover
    Bloomberg

    Sysco Approaches Germany’s Metro About Takeover

    (Bloomberg) -- Sysco Corp. has approached German wholesaler Metro AG about a potential takeover, as the U.S. food distribution giant explores ways to expand in Europe, people with knowledge of the matter said.Sysco has made fresh overtures to Metro in recent weeks, after first expressing interest in buying a stake last year, said the people, who asked not to be identified because talks are private. The companies are working with advisers, though discussions are at an early stage and may not lead to a transaction, the people said.Shares of Metro jumped as much as 23% in Tuesday trading, an intraday record. They closed up 19% in Frankfurt, giving the company a market value of about 4.5 billion euros ($5 billion). They lost 1% at 12.32 p.m. on Wednesday.Any transaction would be Sysco’s biggest ever and mark the first major move by Chief Executive Officer Kevin Hourican, a former top manager at CVS Health Corp., since he took the reins of the $35 billion company earlier this year. Metro would offer Sysco access to hotel, restaurant and catering clients throughout the continent.Wholesale FocusSysco, the largest North American food-service distributor, has been looking to Europe for growth after a blocked attempt to buy domestic competitor US Foods Inc. in 2015. The next year, the company acquired London-based food-service distributor Brakes Group in a $3.1 billion deal to expand in Europe.Representatives for Metro and Sysco declined to comment.Metro would be “a perfect match from a regional perspective,” for Sysco, Baader Helvea analyst Volker Bosse wrote in a note to clients, adding the suitor “could create a lot of cost synergies by downsizing Metro’s headquarters functions.”Metro has focused on its wholesale operations after separating from its consumer electronics arm in 2017. It also agreed last month to divest its hypermarket chain, Real. The German company reached a separate deal last year to sell control of its Chinese business to the owner of local rival Wumart Stores Inc. Those two transactions are set to bring in more than 1.5 billion euros ($1.7 billion) of net proceeds, according to a filing.Czech billionaire Daniel Kretinsky in recent months has increased his stake in Metro to just below 30%. Crossing that threshold would require him to launch an offer for the rest of the company. Any suitor would need to win him over to gain full control.A representative for Kretinsky declined to comment.Failed BidKretinsky and his Slovak partner Patrik Tkac failed in their own attempt to buy out Metro last year, after their 5.8 billion-euro bid didn’t get support from enough investors. Metro’s management at the time opposed the deal, arguing it was highly leveraged and would restrict the company’s strategic leeway.While one of Metro’s three founding families sold its stake to Kretinsky, the Meridian Foundation and Beisheim Group pooled their shares and said in January they had a de-facto blocking stake, with 23% of the company.A spokeswoman for the pool said it had not been contacted by Sysco, but would look at a potential offer and consider it, depending on the price.Kretinsky last year said he would make his next moves dependent on Metro’s progress in selling its China unit and the hypermarket chain.While their long-term intentions are unclear, Kretinsky and Tkac have said they see value in Metro, which runs warehouse-style cash-and-carry outlets across Germany and much of eastern Europe. Kretinsky has built a portfolio that includes energy and media assets as well as the Sparta Prague soccer team. He has also invested in French grocer Casino Guichard-Perrachon SA.(Updates with Kretinsky, Meridian, Beisheim, analyst comments from seventh paragraph.)\--With assistance from Deena Shanker and Ed Hammond.To contact the reporters on this story: Eyk Henning in Frankfurt at ehenning1@bloomberg.net;Aaron Kirchfeld in London at akirchfeld@bloomberg.net;Richard Weiss in Frankfurt at rweiss5@bloomberg.net;Nabila Ahmed in New York at nahmed54@bloomberg.netTo contact the editors responsible for this story: Daniel Hauck at dhauck1@bloomberg.net, ;Kenneth Wong at kwong11@bloomberg.net, ;Daniel Schaefer at dschaefer36@bloomberg.net, Eric Pfanner, Ben ScentFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of B4B.DE earnings conference call or presentation 12-Dec-19 7:00am GMT

    Full Year 2019 Metro AG Earnings Call

  • Reuters

    UPDATE 4-France's Carrefour free to focus on home market after retreat from China

    PARIS/SINGAPORE/BEIJING, June 24 (Reuters) - Shares in France's Carrefour rose on Monday after it became the latest Western retailer to retreat from the Chinese market as fierce competition from domestic rivals and a growing online market puts pressure on foreign firms. Investors welcomed a long-awaited all-cash deal struck at what analysts said was a good enough price in view of Carrefour's falling sales and operating losses in China. Carrefour, which has been in China since 1995, agreed to sell 80% of its Chinese operations to electronics retailer Suning.com for 620 million euros ($705 million).

  • Reuters

    Germany's Metro to expect at least eight second-round bids for China unit: sources

    At least eight suitors are preparing second-round bids to buy a majority stake in German wholesaler Metro AG's Chinese operations, Reuters learned from people directly involved in the matter, as suitors vie for heft in a changing offline landscape. A deal could see Metro's China business valued at $1.5 billion to $2 billion, Reuters previously reported. Interest in Metro comes as a maturing e-commerce market and big-data capabilities transform China's traditional wholesale and retail sectors, with technology majors such as Alibaba Group Holding Ltd aggressively expanding offline.

  • Reuters

    Germany's Metro to expect at least eight second-round bids for China unit -sources

    At least eight suitors are preparing second-round bids to buy a majority stake in German wholesaler Metro AG's Chinese operations, Reuters learned from people directly involved in the matter, as suitors vie for heft in a changing offline landscape. A deal could see Metro's China business valued at $1.5 billion to $2 billion, Reuters previously reported. Interest in Metro comes as a maturing e-commerce market and big-data capabilities transform China's traditional wholesale and retail sectors, with technology majors such as Alibaba Group Holding Ltd aggressively expanding offline.

  • Reuters

    Metro deal for Real undervalues the hypermarkets chain - shareholder

    One of Metro's key shareholders has criticised a planned sale of the retailer's hypermarkets chain Real as undervaluing the business, a person close to the matter said. Czech investor EPH, led by Daniel Kretinsky, views the deal Metro is expected to sign with Germany's Redos group as unfavourable, the source said. Real's retail properties as well as its operating business were being offered too cheaply, the source added.

  • Reuters

    Carrefour considers sale of stake in China business - sources

    HONG KONG/PARIS/FRANKFURT (Reuters) - Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said. Carrefour's China business is valued at around $1 billion (£784 million) and the retailer is working with BNP Paribas on the deal, the sources said. A Carrefour spokeswoman said on Friday: "There is nothing particularly new to say about the matter", when asked about China.

  • Reuters

    Metro shares hit by falling Russia sales, Real sale worries

    Shares in Metro fell sharply on Thursday after the German wholesale group reported another quarter of falling sales at its Russian business and an impairment charge on the Real hypermarkets chain it is selling. Metro said like-for-like sales fell by 4 percent in Russia in the fiscal second quarter, as steps it has taken to revive the business such as price cuts took effect more slowly than expected. Chief Executive Olaf Koch told journalists he still sees improvements coming in the Russian business but declined to say when he expected it to return to growth, noting sluggish consumer sentiment in the country.