Czech billionaire Daniel Kretinsky was unable to win the support of shareholders its proposal for the purchase of the hypermarket chain Metro AG, according to Bloomberg.
According to the Agency, Krzeminski and its Slovak partner Patrick weaver are unable to obtain the necessary support to owners of 67.5% of the ordinary shares, with the votes only from the owners of 41.7% of the securities.
To buy Metro Krzeminski and weaver wanted for €5.8 billion ($6.6 billion). They offered €16 for each ordinary share and €13,8 for each preference.
Federal Antimonopoly Department of Germany in February Krzeminska allowed to acquire up to 35% of the shares of Metro. At the Metro in June, stated that the proposal Krutenkova and Weaver “substantially undervalues” the German distributor, the shareholders were advised not to take any action. The owner of 15% Metro AG – company Haniel Finance Deutschland GmbH, has agreed to support the proposal by Weaver and Krutenkova.
Forbes estimates the condition Krutenkova of $2.9 billion. He owns a Prague football club Sparta and energy company EPH (Energetický a pr?myslový Holding). Last year the billionaire bought a stake in the French newspaper Le Monde.