Agrokor’s Mercator Take Over Back On?
- by croatiaweek
- in Business
Croatia’s largest company, Agrokor, which has Croatia’s largest supermarket chain Konzum in its portfolio, looks like it might again be line to buy out Slovenian company Mercator, the largest retailer in the Balkans, according to Slovenian media.
Mercator’s consultants ING have prepared a list of 28 potential buyers, which include powerhouses in the retail game such as Tesco’s Wall-mart and Aldi, but ING say that Ivica Todoric’s Agrokor is the strongest player to take over the Slovenian giants, writes 24ur.
“Agrokor has the greatest chance of sealing a deal,” writes 24ur, adding that Slovenian politicians have “softened” after they stopped Agrokor’s first attempt to purchase Mercator when they thought that it was in “national interest” that Mercator remained in Slovenian hands.
Agrokor offered 221 euros per Mercator share when it made a non-binding bid last year, valuing the retailer at 832 million euros ($1.1 billion).
