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Metro to pay around 230 mln eur for Media-Saturn stake-source
January 28, 2013 / 7:46 AM / 5 years ago

Metro to pay around 230 mln eur for Media-Saturn stake-source

FRANKFURT, Jan 28 (Reuters) - German retailer Metro will likely have to pay around 230 million euros ($310 million) to buy a 2.97 percent stake in the Media-Saturn unit, a source close to the company said on Monday.

The Stiefel family that helped found the Media-Saturn chain earlier on Monday said it was exercising an option to sell the stake to majority owner Metro, without disclosing the price. ($1 = 0.7421 euros) (Reporting by Victoria Bryan; editing by Ralf Banser)

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