|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.1000 - 1.1100|
|52 Week Range||0.6000 - 2.0300|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Local grocery chain Yonghui Superstores Co. and Suning Holdings Group, the parent company of Chinese electronics retailer Suning.com Co., were also invited to make second-round offers, the people said. Meicai and Hopu Investment Management Co. are in talks for a potential joint bid, according to the people. Wumart has separately been weighing whether to team up with a private equity firm, another person said.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! It is a pleasure to report that the Ceconomy AG (FRA:CEC) is up 51% in the last quarter. But that doesn't change the...
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.
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.
Want to participate in a short research study? Help shape the future of investing tools and receive a $60 prize! The big shareholder groups in Ceconomy AG (FRA:CEC) have power Read More...
In September 2018, Ceconomy AG (FRA:CEC) announced its latest earnings update, which confirmed that the business endured a significant headwind with earnings falling by -35%. Below, I've laid out key Read More...
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.
Anyone researching Ceconomy AG (FRA:CEC) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and there are Read More...
Moody's Investors Service ('Moody's') has today revised the outlook on the ratings of Ceconomy AG ('Ceconomy' or 'the company') to negative from stable and affirmed the company's Baa3 long term issuer rating and P-3 short term issuer and commercial paper ratings. "The negative outlook reflects uncertainty about the level of future profitability in the wake of Ceconomy's recent profit warnings and subsequently announced management changes," said David Beadle, a Moody's Vice President -- Senior Credit Officer and lead analyst for Ceconomy.
German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion). Industry bankers contacted by Reuters said private equity firms were the most likely bidders and that Metro might have to effectively pay a buyer to take the chain off its hands. Foreign players have shunned the cut-throat German grocery market, which is dominated by discounters Aldi and Lidl, since Walmart took a loss of $1 billion when it sold its stores to Metro and pulled out of the country in 2006.
As Metro AG moves toward selling its retail unit to focus on wholesaling, one of its first steps is to weigh the fate of those operations in China. Dusseldorf, Germany-based Metro is also reviewing options for its Chinese Cash & Carry operations, people familiar with the matter said on Friday. Since its electronics retail business split off last year to become Ceconomy AG, Metro has continued to struggle on the retail side, which has had difficulty competing with discounters such as Aldi and Lidl.
German retailer Metro AG (B4B.DE) has decided to sell its struggling Real hypermarkets to focus on its wholesale business, the company said in a statement on Thursday. Olaf Koch, Metro's chief executive since 2012, has sought to focus the once sprawling conglomerate on its core cash-and-carry business in recent years, and has already sold its Kaufhof department stores and split from consumer electronics retailer Ceconomy.
Shares in Metro AG jumped on Monday as Ceconomy announced it may join family-owned Haniel in selling a stake in the German retailer to an investor group led by Czech billionaire Daniel Kretinsky. The news stoked speculation that Kretinsky - and Slovak investor Patrik Tkac, with whom he is buying a Metro stake from Haniel - might make a full bid for the company, shares of which have fallen by a third this year. Ceconomy, the consumer electronics retailer that split off from Metro last year, said on Monday it was in talks to sell most of its 10 percent stake in Metro to investor group EP Investment, represented by Kretinsky.
When Ceconomy AG (FRA:CEC) announced its most recent earnings (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peersRead More...
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...
Ceconomy AG (FRA:CEC), a specialty retail company based in Germany, received a lot of attention from a substantial price movement on the DB over the last few months, increasing toRead More...
Metro AG (DB:B4B), a €4.17B mid-cap, operates in the retail industry which has experienced a structural shift in terms of digitalization. Mobile and automation technologies allow retailers and brands toRead More...