Hengeler Mueller advises Haniel on placement of shares in METRO AG as well as on exchangeable bond

Haniel, a German family-equity company, has placed 16.25 million shares in Metro carried out by a private placement through an accelerated bookbuilding procedure to institutional investors at a price of EUR 30.37 per share. Haniel’s holding in METRO AG consequently decreases from 30.01% to around 25%. Concurrently, Haniel has placed unsubordinated and unsecured bonds, exchangeable into Metro ordinary shares due 2020.

Hengeler Mueller advised Haniel on the transaction. The Hengeler Mueller team includes partner Wolfgang Groß as well as associates Anabel Harting and Marvin Vesper-Gräske (all Corporate/Capital Markets, Frankfurt).