Hengeler Mueller advises METRO AG in respect to public takeover offer

24. June 2019

EP Global Commerce VI GmbH, a holding company owned by Daniel Křetínský and Patrik Tkáč, announced on 21 June 2019 to make a voluntary public takeover offer to the shareholders of METRO AG for the acquisition of all ordinary and preference shares. The offer shall be subject to a certain minimum acceptance threshold of all ordinary shares in METRO AG which shall be sufficient in the view of the bidder to secure approval for a domination and profit and loss transfer agreement with METRO AG after settlement of the offer. Furthermore, it will be subject to merger control clearances and other customary conditions. According to its own statements the bidder aims for full operational control over METRO AG.

Hengeler Mueller advises METRO AG. The team includes partners Andreas Austmann, Carsten Schapmann (both Corporate/M&A), Christoph Stadler (Antitrust) (all Düsseldorf) and Hendrik Bockenheimer (Employment, Frankfurt), counsel Christian Strothotte (Corporate/M&A, Düsseldorf) and Sonnhild Draack (Employment, Frankfurt) as well as associates Moritz Evertz, Oda Goetzke (both Corporate/M&A), Christian Dankerl (Antitrust) (all Düsseldorf) and Anne Broll (Employment, Frankfurt).