Gleiss Lutz has advised investment holding EP Global Commerce (EPGC) on foreign investment control and merger control aspects of its public delisting offer for all shares in METRO AG not held by EPGC.
EPGC currently holds 49.99% of ordinary shares and voting rights in METRO AG. The delisting offer comprises a cash offer price of EUR 5.33 per ordinary or preference share. The aim of delisting is to enable METRO to better pursue its long-term transformation goals.
EPGC is an acquisition entity controlled by Daniel Křetínský. It was founded in April 2016 and is headquartered in Prague.
METRO AG is a leading international food wholesaler and operates in more than 30 countries. Its store network comprises a total of 623 stores in 21 countries.
The following Gleiss Lutz team provided regulatory advice to EPGC: Dr. Jacob von Andreae (partner), Aylin Hoffs (counsel, both Foreign Investment Control, both Düsseldorf), Dr. Moritz Holm-Hadulla (partner), Dr. Iris Benedikt-Buckenleib (counsel, both Merger Control, both Munich).
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