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