Metro reduces stake in free Czech daily to 6.7 pct

Swedish publisher of free Metro dailies says as part of its focus on emerging markets, Czech newspaper to become franchise operation

Media & PR

Brian Kenety | 31.01.2012

VIP

Metro International, “the world’s largest international newspaper,” has announced that its equity stake in Metro Czech Republic will decrease from 40.0% to 6.7% due to a decision not to participate in a capital increase. Metro sold 60% of Metro Czech Republic in December 2007 to Mafra Media Group, a German media conglomerate. Since Mafra committed fully to the recent capital increase, their equity stake has increased to 93.3%.

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