Metro International S.A. (Metro) today announced that the discussions
with a potential acquiror which presented a preliminary indication of
interest in Metro are terminated.
Following the announcement on 23rd February, 2009 of a received
indication of interest, Metro has allowed the potential acquiror to
perform limited confirmatory due diligence. The potential acquiror
has been unable to present a fully financed offer and discussions
have therefore been terminated. Metro will now proceed to raise new
financing through the issuance of debentures and warrants, as
approved by the extraordinary shareholders' meeting on 24th February,
2009.
Further communication on the timetable and terms of the issuance will
be made in due course.
For further information please contact:
Anders Kronborg, CFO tel: +44 (0)79 12 540 800
***
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is
published in over 100 major cities in 18 countries across Europe,
North & South America and Asia. Metro has a unique global reach -
attracting a young, active, well-educated Metropolitan audience of 17
million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm
through Swedish Depository Receipts of series A and series B under
the symbols MTROA and MTROB.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/132142/R/1306184/300156.pdf
Copyright © Hugin AS 2009. All rights reserved.
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