After the demerger, the food business has been listed separately as Metro Wholesale & Food Specialist (MWFS), while the remaining (consumer electronics) business has been renamed as Ceconomy. Each shareholder in the previous Metro AG has received a share in both MWFS and Ceconomy, with dividend entitlements for the financial year beginning 1 October 2016. Ceconomy still holds 10% in MWFS.
08 Aug 2017
Metro Group splits into two; food goes out
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Metro Group splits into two; food goes out
After the demerger, the food business has been listed separately as Metro Wholesale & Food Specialist (MWFS), while the remaining (consumer electronics) business has been renamed as Ceconomy. Each shareholder in the previous Metro AG has received a share in both MWFS and Ceconomy, with dividend entitlements for the financial year beginning 1 October 2016. Ceconomy still holds 10% in MWFS.