CEO Eckhard Cordes says Metro is not under pressure to make acquisitions, but “we're paid to be managers not simply to react to things, but perhaps to get things started sometimes.” Cordes confirms consumer electronics as a core business but seems to wants an IPO for Media Markt and Saturn to add more “strategic manoeuvrability.”An IPO “need not necessarily happen in the next 2-3 years,” Cordes told FT recently, as he suggested such a move could make Media-Saturn a predator in Europe. All eyes turn to rival DSG which could add around €10bn to Media-Saturn's €17bn annual revenues.Go Metro Tells FT
Metro May Become a Predator
CEO Eckhard Cordes says Metro is not under pressure to make acquisitions, but “we're paid to be managers not simply to react to things, but perhaps to get things started sometimes.” Cordes confirms consumer electronics as a core business but seems to wants an IPO for Media Markt and Saturn to add more “strategic manoeuvrability.”An IPO “need not necessarily happen in the next 2-3 years,” Cordes told FT recently, as he suggested such a move could make Media-Saturn a predator in Europe. All eyes turn to rival DSG which could add around €10bn to Media-Saturn's €17bn annual revenues.Go Metro Tells FT
