Metro Sells Booker Stock For 196 Million Pounds.
September 4th, Reporter It is learned that Metro, a German retailer, has been financing 196 million pounds by selling 9% of its Booker Group Plc. It is understood that Booker Group is Britain's largest cash on hand wholesaler. Metro CEO Olaf Koch revealed that the funds obtained from the financing will be used for business expansion and debt reduction.
After the news, Metro's Price of stock It rose 3.3%, while Booker Group's share price fell by 6%.
It is understood that Metro is Europe's largest consumer electronics chain Media-Saturn and Real supermarket, Kaufhof department store and so on, no longer holds Booker Group shares, Metro will choose other ways to continue to cooperate with Booker Group.
Reporter It was also learned that Metro became the largest shareholder of Booker in May 2012 when it was sold to Booker by selling Metro's UK regional cash on hand business to 140 million.
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