it was the Süddeutsche Zeitung newspaper (Thursday edition) from business circles. In the first vote, a stalemate prevailed situation. Ten employee representatives had voted against the sale, ten employers ‘ representatives in favour of it. In the second run, stone man gave two votes and decided to vote in favour of the employers. The share gives right to the Chairman of the Supervisory Board, in certain cases, two votes. Thus, the decision was extremely close.
On Tuesday evening signed the contracts for the sale, and the notary notarized. However, not only for the 34,000 employees in 276 branches, the uncertainty continues. Still, the sale is not completely under the roof. According to the ad-Hoc communication to the Metro of Tuesday night, the conclusion of the contract is still “subject to the final approval of the Board of Directors of the listed Sistema PJSFC.” Sistema PJSFC is a Russian Holding, which holds a 49 percent stake to a financial investor, the SCP Group in Luxembourg, wants to take over the Real markets. A Metro spokesman said on request, the restrictive sentence refers “only to the financing of the SCP Deals by Sistema”.
Metro expects to continue the sale towards the middle of 2020 to complete. In addition to the approval of the bodies in Russia nor the EU would have to agree also-the Commission and at the municipal level technical requirements for the Transfer of a property is met.
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