Agrokor today signed a Purchase Agreement for 53.12% of the shares of the Mercator d.d. Business System in Ljubljana with an ownership Consortium of 12 sellers. Agrokor will pay 120 euros per share of Mercator, under the conditions specified in the Agreement, amounting to 240 million euros for 53.12% of Mercator’s shares or 452 million euros for a 100% stake in the company, the group reports.
By executing the Agreement, together with Mercator, Agrokor will generate annual revenues of 7 billion euros and employ 60 thousand people. This connection benefits and serves the interests of customers, employees, producers, lenders, and other stakeholders, and will create the largest retail company in Central and Eastern Europe, the company states.
-I thank the business people, the ownership consortium of Mercator, who decided to show us their trust and give us the opportunity to work together with Mercator, using our common position to enhance business efficiency, preserve employment, and improve competitiveness in the region and beyond, in the EU market.- said Agrokor owner Ivica Todorić
