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.

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