Haniel says optimistic for Metro recovery

April 13, 2015 10:12 AM

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DUISBERG, Germany, April 13 (Reuters) - German investment group Haniel said on Monday it is happy with its investment in retailer Metro despite weak profits last year and aims to benefit from a recovery in the business.

"Metro is on the right track and we want to participate in that," said Chief Executive Stephan Gemkow, adding that management was taking the right action and the share price has risen 50 percent since the start of the year.

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