Czech Metro from minority to franchise
Metro sold 60% of Metro Czech Republic in December 2007 to Mafra Media Group, a German media conglomerate controlled by the publishers of Rheinische Post (Düsseldorf).
Mafra bought the majority of Metro in the Czech Republic and ‘merged’ the paper with its own free daily Metropolitní Expres. Mafra now owns 93.3% of Metro Czech Republic, that will operated as a franchise from now on.
“The decision not to participate in the capital increase is yet another step in the strategy where Metro aims to focus on emerging markets” according to the Metro press release.