METRO AG has announced that its shares will be delisted from the Frankfurt Stock Exchange as of April 16, 2025. This means that after this date, METRO AG’s shares will no longer be traded on this exchange, and the associated admission obligations will cease.
Background of the Delisting
The delisting is part of a public takeover bid by EP Global Commerce GmbH, an investment vehicle of Czech billionaire Daniel Kretinsky. This company already holds about 54 percent of the voting shares of METRO and has made an offer of €5.33 per share to the remaining shareholders. The decision to withdraw the admission has been approved by the Frankfurt Stock Exchange and is part of a strategic realignment of the company.
Impact on Shareholders
The delisting has significant consequences for shareholders:
- Trading Opportunities: After the deadline, shares can no longer be sold on the Frankfurt Stock Exchange. Investors must prepare to sell their shares possibly only on other markets or in over-the-counter transactions.
- Value Development: The offered price for the takeover is considered too low; both the management board and the supervisory board have expressed concerns that this price does not reflect the long-term potential of the company.
- Future Options: For those shareholders who wish to retain their shares, there remains the possibility of a later squeeze-out. If EP Global Commerce reaches a stake of over 95 percent, it may be able to squeeze out remaining minority shareholders for a compensation payment.
Conclusion
The impending delisting represents a significant change for all current investors and could strongly influence their investment decisions. It remains to be seen whether further offers to increase the purchase price will be made or whether additional institutional investors will want to sell before the deadline. In any case, affected investors should reconsider their strategies and take timely action if necessary.