Slovenian retailer Mercator mulls selling Albanian assets.

By bne IntelliNews September 5, 2012
Slovenian retail chain operator Mercator is considering to sale its units in Albania and Bulgaria in an effort to cut losses, Reuters reported. The company is also present in Croatia, Serbia, Bosnia and Montenegro, where it plans to expand further, while its market share in Albania and Bulgaria is rather small. Mercator entered the Albanian market in late 2009, following an investment of EUR 1mn. The company operates two stores in Tirana and Durres. It has earlier announced plans to open two new supermarkets in the country, investing some EUR 1.1mn. The list of international retailers in Albania also includes French Carrefour, Italys Conad and Euromax, part of Belgian food retailer Delhaize Group.

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

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