EP Global Commerce GmbH proposed to acquire remaining 35.25% stake in Metro AG (HMSE:B4B) for approximately ?680 million on May 26, 2025. A cash consideration of ?688.93 million will be paid by EP Global Commerce GmbH. As part of consideration, ?676.54 million is paid towards common equity and ?12.39 million is paid towards non-convertible preferred equity of Metro AG. Upon completion, EP Global Commerce GmbH will own 100% stake in Metro AG.

The offer will be extended through second acceptance period which starts on 9 July 2025, and ends on 30 September 2025, with a cash offer price of ?4.99 per share for investors not tendering their shares in first acceptance period.

In a related transaction, EP Global Commerce GmbH completed the acquisition of additional 14.76% stake in Metro AG (XTRA:B4B) through initial tender offer for approximately ?290 million on April 16, 2025. At the completion of this related transaction,EP Global Commerce GmbH is expected to hold 64.75% of outstanding shares in METRO.