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Germany: Haniel gets antitrust clearance for Metro sale

By  |  October 4, 2018

Family-owned German investment group Haniel announced on Thursday, October, that it had transferred a 7.3% stake in retailer Metro AG to a Czech-Slovak investor group, after receiving antitrust clearance, reported Reuters.

“We welcome Mr Tkáč and Mr Křetínský as new investors in METRO AG and look forward to their impulses for the further development of METRO’s business. The transaction enables Haniel to further diversify and balance out its company portfolio. Here, the focus is on interesting companies that we can successfully develop on their long-term growth path,” said Stephan Gemkow, CEO of Haniel. “The transaction enables Haniel to further diversify and balance out its company portfolio.”

Full Content: Reuters

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