Metro International Reduces Equity Stake in Metro Czech Republic
(Thomson Reuters ONE) -
Metro International ("Metro"), the world's largest international newspaper,
today announced that its equity stake in Metro Czech Republic will decrease from
40.0% to 6.7% due to a decision not to participate in a capital increase.
Metro sold 60% of Metro Czech Republic in December 2007 to Mafra Media Group, a
German media conglomerate. Since Mafra committed fully to the recent capital
increase, their equity stake has increased to 93.3%. The decision not to
participate in the capital increase is yet another step in the strategy where
Metro aims to focus on emerging markets. Metro Czech Republic will become a
franchise operation from now on.
For further information please visit www.metro.lu or contact:
Per Mikael Jensen President and CEO Tel: +46 8 120 570 00
Anders Kronborg CFO Tel: +44 79 1254 0800
***
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published in
over 100 major cities in 22 countries across Europe, North & South America and
Asia. Metro has a unique global reach - attracting a young, active, well-
educated Metropolitan audience of over 17 million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm through
Swedish Depository Receipts of series A and series B under the symbols MTROA and
MTROB.
Metro International Reduces Equity Stake in Metro Czech Republic:
http://hugin.info/132142/R/1581133/493840.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Metro International via Thomson Reuters ONE
[HUG#1581133]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 31.01.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 109196
Anzahl Zeichen: 2272
contact information:
Town:
Luxembourg
Kategorie:
Business News
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