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 |
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.


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