CEC1.BE - CECONOMY AG VZO O.N.

Berlin - Berlin Delayed Price. Currency in EUR
5.05
-0.05 (-0.98%)
At close: 5:09PM CEST
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Previous Close5.10
Open5.15
Bid0.00 x 0
Ask0.00 x 0
Day's Range5.05 - 5.15
52 Week Range3.16 - 6.88
Volume10
Avg. Volume0
Market CapN/A
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • 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.

  • Metro's $1.5 Billion China Sale Draws Tencent, Citic PE Interest
    Bloomberg

    Metro's $1.5 Billion China Sale Draws Tencent, Citic PE Interest

    The business, which could fetch at least $1.5 billion, has also drawn interest from local supermarket operator Yonghui Superstores Co., the people said. The German retailer is willing to sell as much as 80 percent of the Chinese business while retaining a significant minority if an attractive offer is made, Bloomberg News reported last month. The company picked Citigroup Inc. and JPMorgan Chase & Co. to run a review of its Chinese business, people with knowledge of the matter said last year.

  • Reuters

    Exclusive: Metro kicks off China unit sale, likely to fetch $2 billion valuation - sources

    German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at between $1.5 billion (1.1 billion pounds) and $2 billion, two people with direct knowledge of the deal said. Metro, which owns 95 stores in China and real estate assets in major cities such as Beijing and Shanghai, is planning to offload a majority stake in its China business, said the people. The sale move is part of a global reorganisation of the wholesaler and comes as China's wholesale and retail sectors are experiencing disruption from e-commerce players.

  • Reuters

    Nationwide strike called at Metro's German hypermarket chain Real

    German services union Verdi has called a nationwide strike at Metro AG's (B4B.DE) Real hypermarket chain for next Monday to press a demand for its 34,000 staff to be covered by a collective pay deal. Metro CEO Olaf Koch said the strike would not deter him in his determination to sell Real, which was put on the block in September as he focuses on Metro's wholesale operations. "We are striving to sell Real as a whole," Koch said in a statement.