The two shareholders in Slovenian retailer Mercator who put their holdings on the block last December are reportedly now only willing to sell a 25% stake in the company.
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Beverage firm Pivovarna Lasko and investment fund Infond Holding opened a joint tender for their 48.34% stake in Mercator at the end of last year, with the deadline for non-binding offers set for 2 February.
However, according to a report in local daily Dnevnik, the groups have revised their sale offer to include only 25% of outstanding shares.
The report claimed that they expected to sell the stake at a price “well above” the market price and above prices offered by the bidders.
When contacted by just-food, neither Pivovarna Lasko or Infond would comment on the report or the level of interest they have received in Mercator. Only Serbia’s biggest food retailer Delta Holding has confirmed that it submitted a bid.
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By GlobalDataFor its part, a spokesperson for Mercator said that the company was unable to comment on “market rumour” but emphasised that it was “business as usual”.
“Our operations are not affected by such things, we are focused on providing good service for our customers,” the spokesperson said.
