date:Sep 29, 2013
The Croatian Competition Agency has not yet formally launched the procedure to examine the impact of the takeover because the proposals so far made by Agrokor are insufficient, the agency's deputy director Mladen Cerovec told reporters in Zagreb.
They will have to sell much, but the question is whether there is an interest, Cerovec said, explaining that Agrokor would have to sell, close or transform many of its stores to get an approval of the takeover.
Agrokor agreed to pay EUR 240m for a 53%