DUISBURG, Germany, April 8 Family-owned German
conglomerate Haniel posted a net loss of 1.9 billion
euros ($2.5 billion) in 2012, hurt by write-downs on its holding
in retail group Metro.
Haniel, which holds a little over 30 percent in Metro, wrote
down the value of its holding by 1.5 billion euros, it said on
Haniel Chief Executive Stephan Gemkow reiterated that the
unlisted group would remain a long-term investor in both Metro
and drugs distributor Celesio.
Haniel last year sold down its stakes in Metro and Celesio
to cut its debt to below 2 billion euros.
($1 = 0.7679 euros)
(Reporting by Matthias Inverardi; Writing by Ludwig Burger;
Editing by Harro ten Wolde)