(DAX: MEO GY) (€10bn, $11bn)
Germany-Based Retail Group, METRO AG, to Create Two Separate Listed Entities / Split to End Spat Between German Billionaire (Mr. Kellerhals) and CEO Koch? / Break-Up Likely to Take Place Summer 2017

On March 30, 2016, METRO AG announced its plan for a Spinoff, which will create two pure play companies, listed as the separate entities of the Wholesale & Food Specialist group and the Consumer Electronics group. We expect the separation of the businesses to be a good fit, as they both are focused on two different sectors (Wholesale & Food vs Consumer Electronics), which have little operational overlap and low synergies.

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