Metro hopes to move beyond row with Media-Saturn founder

German retailer Metro (MEO.DE) said it can push ahead with its strategy for Europe’s biggest electronics chain Media-Saturn after a court ruling in a long-running dispute with the company’s founder. Media-Saturn’s billionaire founder, Erich Kellerhals, owns a blocking minority of close to 22 percent and has regularly disagreed with Metro over its management of the chain, delaying the group’s move into the fast-growing online market. “We now have legal and planning security and can continue to forge ahead with the major strategic repositioning of Media-Saturn,” Chief Executive Olaf Koch said in a statement. “We are confident that we can maintain the growth path of Media-Saturn.”


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