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.
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