| 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. |
Related Articles
Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.
Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more
Vip Mobile Serbia signs five-year managed services deal with Ericsson.
Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more
Telenor and Societe General possible buyers of Serbia's KBC Banka - report.
Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more