Konzum has divested four stores in Croatia to the South African Investment Fund Tower Property for EUR66.4 million.

  • The transaction involves two Super Konzum stores and Meridijan shopping centers.
  • Tower Property also takes over the entire share capital of the Sub Dubrovnik Company, owner of the shopping center Sun City Parish in Dubrovnik.
  • Konzum will continue operating the stores under a 12 year lease agreement.  

Agrokor operates 700 Konzum stores in Croatia.