Slovenian grocery retailer Mercator said it has made plans to deal with and adapt to the current unfavourable conditions in the financial markets.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Following a recommendation by the Ljubljana Stock Exchange, Mercator said yesterday (15 October) that its long-term solvency was sound and that it has pursued a “conservative financial policy to wall the company in from the occasional turmoil in the financial sector”.
Mercator has maintained 90% coverage of long-term assets and finances net current assets with short-term bank loans. The company said it also maintains the refinancing risk at a low level, looking to keep the ratio between long-term and short-term financial liabilities at approximately 70-30%.
The company has plans to invest over EUR300m (US$402m) into expansion of its core activities in 2008 and said it is open to new investors willing to finance its investments.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
