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Metro trades retail for portfolio management
  • 03/02/2017
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Metro trades retail for portfolio management

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Pruébalo Gratis

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Descripción de Metro trades retail for portfolio management

Next Monday the long-suffering shareholders of Metro Group will be asked to rubber-stamp management plans to split the German retail giant into two separate public limited companies.Weird-sounding "Ceconomy AG" will then soon house Europe's largest entertainment electronics retailer, Media-Saturn, while niftily-named "Metro Wholesale and Food Specialist Company" will combine Europe’s leading wholesaler, Metro Cash & Carry, and "real,-", Germany’s largest Big Box retailer by sales.If one harkens to the siren song of Metro Group CEO Olaf Koch, international investors will soon be able to participate in an exciting international growth story: "We are now bringing two strong, successful and strategically-focused companies to the start(ing block)." Is this really the case, or is the financial community being sold yet another round of snake oil?

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