Metro says happy with Booker stake

DUESSELDORF, Germany, March 20 Wed Mar 20, 2013 10:41am EDT

DUESSELDORF, Germany, March 20 (Reuters) - German retailer Metro AG said it is happy with its ownership of a 9 percent stake in UK cash and carry firm Booker, and an exit is not on the cards.

Metro acquired the stake and agreed a lock-up as part of a deal to sell its cash and carry operations in Britain to Booker last year.

"Right now we are very happy with ownership, so there is not a necessity to speculate right now about stepping out of the 9 percent," Chief Executive Olaf Koch told analysts.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.