| Slovenian retailer Mercator plans to invest around EUR 150mn in Serbia in the next few years, Blic daily reported citing Stanka Curovic, member of Mercator's management board. The company has already invested EUR 413mn in the country and is currently in talks on taking over two local retail chains. The acquisition will further strengthen Mercator's position as the second largest retail chain in the Serbian market, with a market share of about 10%, Curovic said. Mercator-S, the Serbian subsidiary of Slovenia's biggest retailer, Mercator posted EUR 472mn in revenues in 2010, up by 2.4% y/y. The Slovenian company plans to invest EUR 700mn over the next five years, of which 20% will go towards further development of its business in Serbia, Curovic said at a presentation of the retailer's results in March. |
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