EP Global Commerce VI GmbH’s Public Takeover Offer Of Ordinary And Preference Shares Of METRO AG

Hengeler Mueller advised METRO AG in respect to public takeover offer from EP Global Commerce VI GmbH.

EP Global Commerce VI GmbH, a holding company owned by Daniel Kretínský and Patrik Tkác 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.

METRO AG engages in the wholesale and food retail business. It operates 771 wholesale stores under the METRO and MAKRO brands primarily serving the needs of hotels, restaurants, catering companies, and independent retailers, as well as service providers and authorities. The company also develops digital solutions.

Hengeler Mueller advised METRO AG. The team includesd Partners Andreas Austmann (Picture), 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).

Kirkland & Ellis International LLP acted as legal advisor to EP Global Commerce.

Involved fees earner: Andreas Austmann – Hengeler Mueller; Hendrik Bockenheimer – Hengeler Mueller; Anne Broll – Hengeler Mueller; Christian Dankerl – Hengeler Mueller; Sonnhild Draack – Hengeler Mueller; Moritz Evertz – Hengeler Mueller; Oda Goetzke – Hengeler Mueller; Carsten Schapmann – Hengeler Mueller; Christoph Stadler – Hengeler Mueller; Christian Strothotte – Hengeler Mueller;

Law Firms: Hengeler Mueller;

Clients: METRO AG;