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Metro International S.A. (Metro), along with its subsidiaries publishes free-of- charge newspaper. Metro was published in over 100 cities in 19 countries across Europe, Asia, North and South America. Metro has also franchise operations in Finland, Russia (Moscow), Portugal, Italy and the United States. Its operating segments are based on geographic areas for subsidiary newspaper operations: Sweden, Northern Europe, Southern Europe, United States (divested in June 2009) and Rest of World. Northern Europe comprises operations in Holland, Denmark and Hungary. Southern Europe comprises operations in France and Greece. Rest of World comprises operations in Chile, Hong Kong and St Petersburg, Russia. In June 2009, the Group sold its operations in the United States. In July 2009, the Company closed its operations in Spain. In July 2009, it divested its operations in Italy. On June 1, 2009, it acquired 58.5% of the capital and votes in its franchise operation in St Petersburg, Russia.
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