The price was not enough for Metro’s shareholders
Daniel Kretinsky Czech billionaire failed in his attempt to acquire majority ownership in the Metro group – piacesprofit.hu wrote.
Kretinsky’s investment firm, EPGC, said on the Internet: “We assume that our public takeover bid for Metro Rt. is unlikely to succeed.”. The offer shows that the customer has valued Metro at around 5.8 billion euros. The company has 770 stores in 26 countries around the world. (piacesprofit.hu)
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