Mercator

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Agrokor confirms creditor approval for takeover

20 Jun 2018

Agrokor, the Croatia-based food manufacturer and retailer, has secured the backing of creditors for the sale of the embattled business.

Agrokor issues deadline call to creditors

26 May 2017

Creditors of embattled Croatian food manufacturer and retailer Agrokor have been urged to submit claims against the company "in the shortest possible period" and by a "final deadline" of 9 June at the latest.

Croatia nominates restructuring chief for Agrokor

10 Apr 2017

Croatia's government today (10 April) nominated Ante Ramljak to head the restructuring of the country's embattled food manufacturer and retailer Agrokor, after the group was placed in state ownership as part of moves to try to stabilise the business.

Don Don buys Mercator's in-house bakery

17 Apr 2015

Slovenian baker Don Don has entered into an agreement to buy Pekarna Grosuplj, the in-house bakery business of regional retailer Mercator.

SLOVENIA: Rastoder, Agrokor sign cooperation deal

12 Jun 2014

Slovenian fruit and veg processor Rastoder has signed a cooperation deal "worth between EUR70m and EUR100m (US$95-135m)" with Agrokor it announced yesterday (11 June).

SLOVENIA: Mercator completes "last step" to clear path for Agrokor takeover

28 Apr 2014

Slovenian food retailer Mercator has confirmed it has cleared the last hurdle for its takeover by Croatian rival Agrokor after agreeing a financial restructuring deal to manage its EU1bn (US$1.38bn) debt.

SLOVENIA: Agrokor lowers bid for Balkans grocer Mercator

4 Mar 2014

Croatia's Agrokor has reduced its offer price to acquire a majority stake in Slovenian retailer Mercator while also extending the deadline for the retailer to restructure its debt.

SLOVENIA: Mercator "stopped negative trend" in 2013 profits

4 Feb 2014

Slovenian retailer Mercator said it was able to reverse "negative business trends" in 2013 when it reported profits that "significantly improved" over the year.

SLOVENIA: Retailer Mercator forecasts profit in 2014

12 Dec 2013

Balkans retailer Mercator has forecast it will move back into profit in 2014 despite lower sales.

SLOVENIA: Losses narrow at Balkans retailer Mercator

13 Nov 2013

Losses at Balkans retailer Mercator fell in the first nine months of 2013 despite lower revenues.

UK/CROATIA: Agrokor "eyes London IPO"

14 Oct 2013

Croatian food manufacturer and retailer Agrokor is understood to be eyeing a listing on the London Stock Exchange in the next two years.

Editor's choice: the highlights on just-food last week

24 Jun 2013

The leading story this week was clear: the UK's announcement of what the new front-of-pack nutrition label will look like and crucially, which companies have signed up - and which haven't. The Australian government also put forward plans for a front-of-pack label, although the country's food industry was less than happy. Elsewhere, M&A dominated, with Archer Daniels Midland admitting it was in talks to sell its cocoa business, Chinese dairy giant Mengniu looking to buy local infant formula firm Yashili and Campbell Soup Co. making another acquisition outside the soup sector.

CROATIA: Retailer Agrokor to buy majority of rival Mercator

17 Jun 2013

Croatian retailer Agrokor has agreed a deal to acquire a majority stake in Slovenian rival Mercator for EUR240m (US$320m).

SLOVENIA: Q1 sales down at Balkans retailer Mercator

16 May 2013

Balkans retailer Mercator, which has seen two bids made for a majority stake in its business, has reported a fall in first-quarter sales amid "challenging" macroeconomic conditions in the region.

SLOVENIA: Two bids for majority stake in retailer Mercator

14 May 2013

The consortium selling a majority stake in Balkans retailer Mercator has said it has received two bids for the shares.

BULGARIA: Mercator confirms Bulgaria market exit

13 May 2013

Slovenian retailer Mercator has confirmed plans to exit the Bulgarian market by the end of next month.

SLOVENIA: Agrokor still "vying" for Mercator takeover

30 Apr 2013

Croatian retailer Agrokor is reportedly still looking to acquire Slovenian rival Mercator and will submit a bid by 15 May.

SLOVENIA: Retailer Mercator to focus on FMCG, c-stores in revamp

6 Feb 2013

Balkans retailer Mercator has said it will focus more on the FMCG sector and on convenience stores as it reappraises its business following a challenging 2012.

SLOVENIA: Retailer Mercator reports FY loss

30 Jan 2013

Slovenian retailer Mercator, which has stores throughout south-eastern Europe, has reported an annual loss of over EUR103m (US$139.8m) amid flat sales and write-downs on assets.

SLOVENIA: Agrokor "frontrunner" for Mercator deal

10 Jan 2013

Croatian retailer Agrokor is once again reported to be the frontrunner for Slovenian retail chain Mercator.

SLOVENIA: Mercator shareholders resume stake sale

21 Dec 2012

The owners of Slovenian food retailer Mercator, including shareholder Pivovarna Lasko, have re-started an attempt to sell their joint 53.2% stake in the company.

SLOVENIA: Mercator earnings fall on flat sales

14 Nov 2012

Slovenian food retailer Mercator revealed yesterday (13 November) that it generated a loss in the first nine months of the year despite flat sales.

SLOVENIA: Mercator mulls Albania, Bulgaria disposals

6 Sep 2012

Slovenian retailer Mercator is mulling the sale of its units in Albania and Bulgaria in a bid to boost its bottom line.

SLOVENIA: Mercator sinks into the red for H1

31 Aug 2012

Slovenian retailer Mercator has warned of rising raw materials costs and "profound recession" in many of its key markets after swinging to a net loss in the first half of 2012.

SLOVENIA: Mercator appoints Balazic as CEO

18 May 2012

Slovenian retailer Mercator has appointed Toni Balažic as CEO, replacing Ziga Debeljak, who resigned in March amid disagreement with the owners of the company.

SLOVENIA: Economic slowdown dampens Mercator profits

16 May 2012

Mercator has reported a steep drop in net profit for the first quarter as declining consumption, rising unemployment and a sluggish economic outlook took their toll.

SLOVENIA: Mercator management board resigns over sale dispute

30 Mar 2012

The management board of Slovenian retailer Mercator, which has operations across the Balkans, has resigned amid disagreement with the owners of the company.

Quote, unquote: just-food's week in words

30 Mar 2012

The Food and Drink Expo took place in Birmingham, UK, this week, hosting a raft of manufacturers and grocers from across the UK's food and drinks sector.

SLOVENIA: Retailer Mercator sees FY profits slide

1 Mar 2012

Slovenia-based retailer Mercator, which runs over 1,700 stores across south-eastern Europe, has blamed worsening economic conditions in the second half of 2011 for a fall in annual earnings.

SLOVENIA: Agrokor drops Mercator bid

13 Feb 2012

Croatian retailer Agrokor has dropped its bid to acquire a controlling stake in Slovenian rival Mercator.

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