The international law firm Milbank, Tweed, Hadley & McCloy LLP is acting as legal adviser to METRO AG in connection with its demerger plans. The management board of METRO AG is preparing the creation of two independent and sector focused companies through a demerger of the group: a Wholesale and Food Specialist group, as well as a Consumer Electronics products and services group. Both entities would become individually stock-listed.
METRO GROUP is one of the most important international retailing companies. It generated sales of some 59 billion euros in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people.
A Milbank team led by Arndt Stengel is advising METRO on the legal aspects of its demerger plans.
Advisor to METRO AG: Milbank, Tweed Hadley & McCloy LLP
Arndt Stengel (lead, Corporate/M&A, Frankfurt), Christoph Rothenfusser (Corporate/M&A), Matthias Schell (Tax, both Munich), Mathias Eisen (Finance), Markus Messinger and Leopold Riedl (both Corporate/M&A, all Frankfurt)
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.
