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June 17, 2011

SLOVENIA: Mercator investors to pursue sale

Investors representing over half of the shares in Mercator, the largest retailer in the Balkans, have signed a deal to sell their combined stake in the business.

By Dean Best

Investors representing over half of the shares in Mercator, the largest retailer in the Balkans, have signed a deal to sell their combined stake in the business.

Shareholders including Banka Celje, Nova Ljubljanska Banka and brewer Pivovarna Lasko have agreed to sell a 50.03% in Slovenia’s Mercator.

Lasko, which holds 23.3% of Mercator, confirmed the deal in a statement yesterday (16 June).

The brewer is looking to pay off debts and had struck a deal to sell its stake in Mercator to rival Croatian retailer Agrokor earlier this year. However, last month, the deal was blocked by Slovenia’s supreme court on competition grounds. 

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