RSS   Newsletter   Contact   Advertise with us
Post Online Media

Watchdog clears Metro takeover, Kretinsky good to go

Share on Twitter Share on LinkedIn
Staff Writer | Thursday February 21, 2019 7:52AM ET
Metro
Europe   Any acquisition of more than 30 percent would trigger a mandatory takeover offer

MetroGermany’s antitrust watchdog has cleared a potential acquisition of retailer Metro by Czech investor Daniel Kretinsky, a spokesman for the Federal Cartel Office said.


Please disable your ad blocker for POST to be able to enjoy our free content.
Kretinsky had asked the agency to review his plans to buy a stake of 25-35 percent in the company, which the watchdog cleared.

Any acquisition of more than 30 percent would trigger a mandatory takeover offer, according to German law.

 

What to read next
POST Online Media Contact

 More inside POST