SLOVENIA: Agrokor "frontrunner" for Mercator deal
Investors in Mercator have been looking to offload shares in the retailer on and off since 2008
Croatian retailer Agrokor is once again reported to be the frontrunner for Slovenian retail chain Mercator.
Slovenian television reports this week linked the retailer to Mercator a month after the group's owners, including shareholder Pivovarna Lasko, re-started an attempt to sell their joint 53.2% stake in the company.
Investors in Mercator have been looking to offload shares in the retailer on and off since 2008 but a sale has yet be sealed.
In March 2011, Agrokor indicated it would be interested in buying over 23% of Mercator. In October that year, Agrokor then reportedly placed a bid for the shares but, a month later, the management of Mercator pulled its support for talks to sell the company to Agrokor after a dispute over whether the European Bank for Reconstruction and Development and the International Finance Corp.
Agrokor did not return a request for comment on the report, but a spokesperson for ING Bank, majority owners of Mercator and recently-appointed consultant for the sale, confirmed to just-food that Agrokor was indeed a bidder.
"Agrokor is one of the bidders and there has been interest from a number of other parties," the spokesperson said. "Because of the way the process works we can't give any more commentary on how many bidders there are or who they are."
The spokesperson would not comment on how long the process will take or when a decision is likely to be made.
UK private-equity firm BC Partners has hired JPMorgan and Bank of America for advice on its options for it stake in Turkish retailer Migros Ticaret....
General Mills unveiled plans for a raft of new products last week as it seeks to improve sales across its business, particularly in the Yoplait owner's yoghurt division. There was a major piece of con...
- Rabobank's early view on Brexit impact on food
- How local model protects Nestle - interview
- Brexit sparks uncertainty for UK food - comment
- Quorn Foods confident in prospects - interview
- Kellogg uses Kashi to finally join party - comment
- Brexit – Live reaction from food industry
- Nestle names new CEO
- Brexit - UK food trade body issues warning
- Brexit – UK farmers warn of food price spike
- Brexit – US confirms commitment to TTIP with EU
- Top Trends in Snacks, Confectionery, and Desserts; Exploring consumer and innovation trends in key categories
- Frozen Bakery Products Market by Type, Distribution Channel, & by Region - Global Trends & Forecast to 2020
- Singapore Food and Drink Report Q3 2016
- Fast Food in India
- Country Analysis Report: Saudi Arabia, In-depth PESTLE Insights