date:Jun 19, 2013
Croatian retailer Agrokor has agreed a deal which will see it acquiring a majority stake in Slovenian rival Mercator for 240 million. Zagreb-based Agrokor, which has stores across the Balkans, struck a deal to buy a 53.1% stake in Mercator from a consortium of 12 shareholders, with each share costing 120. According to Agrokor, this represents 452 million (US$587 million) for a 100% stake. Shareholders have been looking to offload stakes in the retailer since 2008.
According to Agrokor, 'The par