Full Description
Metro AG (MEOG.DE) (Xetra)
sector: Non-Cyclical Consumer Goods & Services .
industry: Food Distribution & Convenience Stores ยท
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METRO AG is a Germany-based trading and retail company. It acts as a holding company for the METRO Group, which is organized into four independent sales divisions: Metro Cash & Carry, which is engaged in cash and carry wholesaling worldwide; Real, which operates hypermarkets in Germany, Poland, Romania and Turkey; Media Markt and Saturn, which sells consumer electronics across Europe, and Galeria Kaufhof, a chain of department stores in Germany and Belgium. The Company is active in about 2,200 locations in 32 countries in Europe, Africa and Asia. Its sales divisions are supported by cross-divisional service companies, offering procurement, logistics, information technology, real estate management and business solutions. On July 1, 2008, the Company sold its 245 Extra supermarkets to the Rewe Group.
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