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Czech billionaire fails to win enough backing for Metro takeover

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Czech billionaire Daniel Kretinsky has failed in his high-profile effort to buy Metro AG, after shareholders in the German food group declined to take up his EUR 5.8bn offer. EP Global Commerce’s move for Metro, announced in June, was the latest episode in a buying spree that has turned Mr Kretinsky, dubbed the “Czech Sphinx” for his inscrutability, into one of Europe’s most prominent dealmakers.

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