Slovenia’s supreme court has rejected an appeal over a decision from the country’s competition watchdog to block the sale of a stake in grocery retailer Mercator to local rival Agrokor.

Shareholder Piovarna Lasko confirmed yesterday (5 May) that the competition protection office blocked the sale of its 23.24% stake in Mercator on 26 April and that the supreme court rejected its appeal on 29 April.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The Slovenian brewer said that the sale of its stake in Mercator is a “key part” of its financial restructuring. Lasko said that if it is unable to offload the shares it will be unable to pay a series of debts that are due in June.

In a filing with the Ljubljana stock exchange, Lasko said that its administrators have been authorised to negotiate with its lenders to renegotiate its credit arrangements.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now