Owners get two bids for Slovenia’s Mercator

Food

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.

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