Executive Summary

• Metro Group will demerge into two companies in mid-2017: Metro, a food retailer and wholesaler, and Ceconomy, a consumer electronics retailer that operates mainly under the Media Markt and Saturn banners.
• Presentations from the wholesale and food retail division emphasized that Metro is predominantly a wholesaler; that Metro Cash & Carry stores are being tailored to different demands; and that its retail stores are being made more inspirational places to shop.
• Presentations from the electronics division noted Ceconomy’s scale; the dynamism of the European consumer electronics market; how Ceconomy has been transformed in recent years; and opportunities for growth.