Gleiss Lutz has advised EP Global Commerce on foreign investment control and merger control matters related to its public delisting offer for all shares in Metro AG not already held by EPGC.
EPGC is an acquisition entity controlled by Daniel Kretinsky. Established in April 2016, it is headquartered in Prague.
Metro AG, an international food wholesaler, operates in over 30 countries with a store network of 623 locations across 21 countries.
According to Gleiss Lutz, EPGC, which currently holds 49.99% of Metro AG’s ordinary shares and voting rights, has made a public delisting offer at EUR 5.33 per ordinary or preference share. The delisting is intended to support Metro's long-term transformation strategy.
The Gleiss Lutz team members in Duesseldorf and Munich.