Owners get two bids for Slovenia’s Mercator
The owners of Slovenia’s largest food retailer Mercator have received two bids for their majority stake in the company, the consortium of 12 local companies and banks that jointly control 53% said Monday in a statement. It gave no further details but local media said the bidders were Croatian food producer and retailer Agrokor, a regional rival that tried and failed to buy Mercator last year, and investment fund Mid Europa Partners. The media said Agrokor was the highest bidder, offering €415 million ($538 million) for Mercator, or about €110.2 per share, down from €221 per share it offered last year. Mercator operates stores in Slovenia, Croatia, Bosnia, Montenegro, Serbia and Bulgaria.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
