Metro CFO Frese Sees No Special Dividend After Kaufhof Sale: BZ
2015-06-12 21:59:41.551 GMT
By James Kraus
(Bloomberg) -- Proceeds of sale to be used to cut debt and
for investment, Metro CFO Mark Frese tells Boersen-Zeitung.
* Sale package to include sizeable real estate portfolio
valued at just more than EU2b
* Out of 119 Kaufhof department stores, Metro owns the
property at 59 locations
* Real estate with significant potential for appreciation is
driving the transaction
* NOTE: Earlier, Metro Said to Prefer Kaufhof Sale to Hudson’s
Bay: Der Spiegel NSN NPU2T86JIJUV<GO>
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To contact the reporter on this story:
James Kraus in Geneva at +41-22-317-9232 or
jkraus2@bloomberg.net
To contact the editor responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net
2015-06-12 21:59:41.551 GMT
By James Kraus
(Bloomberg) -- Proceeds of sale to be used to cut debt and
for investment, Metro CFO Mark Frese tells Boersen-Zeitung.
* Sale package to include sizeable real estate portfolio
valued at just more than EU2b
* Out of 119 Kaufhof department stores, Metro owns the
property at 59 locations
* Real estate with significant potential for appreciation is
driving the transaction
* NOTE: Earlier, Metro Said to Prefer Kaufhof Sale to Hudson’s
Bay: Der Spiegel NSN NPU2T86JIJUV<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
James Kraus in Geneva at +41-22-317-9232 or
jkraus2@bloomberg.net
To contact the editor responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net