Bloomberg News

Metro Falls as Much as 3.9% in Frankfurt as CEO Cordes to Leave

October 10, 2011

Oct. 10 (Bloomberg) -- Metro AG fell as much 3.9 percent in Frankfurt after Germany’s largest retailer said Chief Executive Officer Eckhard Cordes told the supervisory board that he no longer wishes to prolong his current contract beyond Oct. 31, 2012.

Metro shares slid 3.8 percent to 31.99 euros as of 9:20 a.m. local time, the largest drop this month.

To contact the editor responsible for this story: Julie Cruz at jcruz6@bloomberg.net


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