Agrokor Publishes Bid for Outstanding Mercator Shares

Agrokor has not determined a threshold for the bid, but analysts expect that the majority of outstanding shareholders will decide to sell.

The Croatian firm plans to delist Mercator from the Ljubljana Stock Exchange and merge it with its retail arm Konzum.

The shareholders that do not accept its offer will probably be squeezed out.

Agrokor will pay just shy of EUR 550m for Mercator in what is one of the biggest takeovers in the Balkans in history.

Source: The Slovenia Times

Photo source: Jutranji List, Banka.hr