Slovenia's Mercator takes over trade operations of Bosnia's Drvopromet.

By bne IntelliNews October 21, 2011
Leading Slovenian retailer Mercator announced that its Bosnian subsidiary Mercator-BH has signed strategic alliance agreements with Bosnian retailer Drvopromet. Mercator-BH will thus take over the trade operations of the Bosnian company. According to those agreements, Mercator-BH will obtain on long-term operating lease 63 trade facilities DP Marketi of Drvopromet, located in Sarajevo and in other cities across Bosnia, with a total sales area of more than 24,000 sqm. In addition, the strategic alliance envisages the purchase of inventories and equipment, as well as the employment of part of Drvopromet's employees. The agreements also provide for cooperation in retail and wholesale purchasing. Mercator comments, "This strategic alliance will enable Mercator to consolidate its position in the FMCG market of Bosnia and Herzegovina." The agreement is subject to the approval of Bosnia's antitrust watchdog. KPMG was the financial advisor of Mercator.

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss