Croatian Agrokor proposes linking retailers Konzum and Mercator.

By bne IntelliNews June 20, 2011
Croatian food producer and retailer Agrokor proposed the linking of its store chain Konzum with Slovenias Mercator chain, Agrokor said in a letter to the Slovenian company. Agrokor CEO Ivica Todoric said that the strategic linking was behind Agrokors bid to buy Pivovarna Lasko Groups 23.34% stake in Mercator. We remind that Agrokor offered to pay EU 221 per share for Pivovarna Lasko's stake, according to the Slovenian media. The offer was rejected in March 2011. Eleven shareholders in Mercator that own 50.03% of the company have recently signed an agreement to sell together their shares in the company in an international tender.

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