Metro International (“Metro”), the world’s largest international newspaper, today announced that its equity stake in Metro Czech Republic will decrease from 40.0% to 6.7% due to a decision not to participate in a capital increase.
Metro sold 60% of Metro Czech Republic in December 2007 to Mafra Media Group, a German media conglomerate. Since Mafra committed fully to the recent capital increase, their equity stake has increased to 93.3%. The decision not to participate in the capital increase is yet another step in the strategy where Metro aims to focus on emerging markets. Metro Czech Republic will become a franchise operation from now on.
For further information please visit www.metro.lu or contact:
|Per Mikael Jensen||President and CEO||Tel: +46 8 120 570 00|
|Anders Kronborg||CFO||Tel: +44 79 1254 0800|
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 22 countries across Europe, North & South America and Asia. Metro has a unique global reach – attracting a young, active, well-educated Metropolitan audience of over 17 million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm through Swedish Depository Receipts of series A and series B under the symbols MTROA and MTROB.