EPGC has made a public offer to acquire all the shares of Germany's Metro AG.

Metro, one of Germany's largest retail chains, has been struggling economically for the past year and its shares fell 37% last year. EP Global Commerce, owned by Daniel Kretinsky and Patrik Tkac, has so far held 49.99% of the common shares in Germany‘s Metro and unveiled plans to elevate the company in late 2024. Not it has followed that up by delisting Metro from the Frankfurt stock exchange, where 25% of the company is traded, and making a public offer to buy back its shares. The shares were trading at €3.91 before the offer was made public and EPGC is offering a buyout price of €5.33. If all shareholders take up the offer, EPGC would pay 500 milion euros.

Metro AG currently operates 624 branches in Germany as well as the Czech Makro chain with 13 branches. The remaining 24.99% of the shares are owned by Meridian Stiftung/Beisheim, who have decided to retain their shares.