Croatian Food Giant Offers €2bn for Slovenian Retail Chain
Croatian food company Agrokor has offered to pay €2bn for the purchase of Slovenian retail chain, Mercator.
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According to Croatian Times, Agrokor is ready to pay more than €800m for the purchase itself, while the total costs – which include settling Mercator’s debts – are estimated at €2bn.
This is Agrokor’s fourth attempt to buy the Slovenian retailer. All previous offers were blocked by Slovenian politicians who were reluctant to hand over the company to its biggest regional competitor.
Should Agrokor take over Mercator, it would become a regional retail giant with 60,000 employees and more than 2,500 stores, daily Jutarnji List writes.
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