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.