Germany: Milbank Advises METRO AG On Preparation Of Its Demerger
Last Updated: 31 March 2016

MUNICH, March 30, 2016 – The international law firm Milbank, Tweed, Hadley & McCloy LLP is acting as legal adviser to METRO AG in connection with its demerger plans. The management board of METRO AG is preparing the creation of two independent and sector focused companies through a demerger of the group: a Wholesale and Food Specialist group, as well as a Consumer Electronics products and services group. Both entities would become individually stock-listed.

METRO GROUP is one of the most important international retailing companies. It generated sales of some 59 billion euros in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people.

A Milbank team led by Arndt Stengel is advising METRO on the legal aspects of its demerger plans.

Advisor to METRO AG: Milbank, Tweed Hadley & McCloy LLP

Arndt Stengel (lead, Corporate/M&A, Frankfurt), Christoph Rothenfusser (Corporate/M&A), Matthias Schell (Tax, both Munich), Mathias Eisen (Finance), Markus Messinger and Leopold Riedl (both Corporate/M&A, all Frankfurt)

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