METRO GROUP sold its total shareholding amounting to approximately 9% of Booker Group Plc. by means of an accelerated book building.
"The disposal of our Booker shareholding will allow us to invest the funds received into the further expansion of METRO GROUP and to reduce further the level of debt", says Olaf Koch, CEO of METRO AG. "Even if we are no longer shareholders of Booker, we will continue our successful strategic partnership with Charles Wilson and his team."
Since METRO GROUP started its engagement with Booker in May 2012 the share price increased from 79.1 pence to 135.3 pence. METRO GROUP has raised aggregate gross sale proceeds of approximately £196 million through the placing.