Slovenian retailer Mercator eyes Serbian peers Familija, Jabuka - report.

By bne IntelliNews June 21, 2011
Slovenian retailer Mercator is in talks on the acquisition of local retail chains Familija and Jabuka, Danas daily reported citing well-informed sources. In early March Mercator revealed plans to buy two unnamed small Serbian retailers for the first time. According to Danas's sources, Mercator is eyeing 12 large stores operated by Jabuka under the SOS Market brand. We remind that in mid-June, Stanka Curovic, member of Mercator's management board, announced that the company plans to invest around EUR 150mn in Serbia in the next few years. The company has already invested EUR 413mn in the country and is currently in talks on taking over two local retail chains, Curovic said and added that this acquisition is expected to strengthen Mercator's position as the second largest retail chain in the Serbian market, bringing its market share to about 10%. Mercator-S, the Serbian subsidiary of Slovenia's biggest retailer Mercator posted EUR 472mn in revenues in 2010, up by 2.4% y/y.

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