Metro AG is a German multinational company based in Dusseldorf which operates business membership only cash and carry stores primarily under the Metro brand.
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18 Facts About Metro AG
2.
The share of Metro AG was founded retrospectively on January 1 and listed on 22 July 1996 on the Frankfurt Stock Exchange and was part of the DAX until 2012.
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3.
In December 2003, Metro AG separated from its stake in Divaco KG and sold its shares to the sole shareholder and CEO, Siegfried Kaske, for 1 euro.
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4.
In July 2006 Metro AG bought the 85 German stores of Wal-Mart, which gave up its loss-making Germany business.
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5.
Metro AG sold the Adler fashion stores to the associated company BluO in February 2009.
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8.
On 15 June 2015, Metro AG agreed to sell Galeria Kaufhof to Canadian retail conglomerate Hudson's Bay Company for $3.
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9.
On 30 March 2016, Metro Group announced that it will be splitting into two independent companies: A spin-off of the wholesale and food sector of Metro AG will be responsible for the group divisions into two independent and publicly listed companies.
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10.
In September 2018, Metro AG announced that it wanted to sell the Real hypermarket subsidiary in Germany to focus entirely on wholesale business.
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11.
Metro AG opened the first store in 1971 in the Copenhagen suburb of Glostrup.
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12.
In 2012, Metro AG sold its 30 Makro stores in United Kingdom to Booker Group.
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13.
In 2014, Metro AG sold the Makro Greek business, composed of 9 stores, to Sklavenitis.
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14.
In 2014, Metro AG Group signed an agreement to sell its subsidiary in Vietnam, consisting of 19 stores, to the Thai group Berli Jucker worth €665 million.
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15.
On 23 April 2020, Metro AG completed the sale of the majority stake in Metro AG China, who operates 97 wholesale centers, to Wumei Technology Group for more than €1.
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16.
In September 2021, Metro AG announced it would end its supply business in Myanmar by the end of October 2021.
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18.
Metro AG tried to secure its usage rights for the term "Metro AG" in various proceedings.
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