Slovenian food retailer Mercator has purchased an additional 30% in its Montenegrin unit Mercator-Mex.

The purchase brings the company's stake to 81%, the company said yesterday (29 October).

Last month, Mercator indicated that it is planning to raise its share capital, with proceeds earmarked for potential acquisitions.

The company, which has a current market capitalisation of EUR675m (US$998.6m), has said it will increase its share capital by up to 20%.