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May 20, 2011

SLOVENIA: Lasko resumes Mercator sale

Slovenian drinks group Pivovarna Lasko has confirmed that it intends to resume the sale of its 23.3% stake in supermarket group Mercator.

Slovenian drinks group Pivovarna Lasko has confirmed that it intends to resume the sale of its 23.3% stake in supermarket group Mercator.

The sale, which had been held-up by the country’s competition regulator UVK, now looks set to go ahead, a spokesperson for the group confirmed today (20 May).

Lasko said that it hopes to sell its holding in conjunction with a group of other Mercator financial investors, with the aim of creating a block of shares worth more than 50% of the supermarket operator.

“We are discussing the possibility of selling a block of shares with other investors,” the spokesperson said. “This is yet to be settled,” he added.

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