Agrokor has finalized the takeover of the Slovenian chain Mercator on 27th June 2014, by acquiring the majority stake of 53% and becoming the majority owner.

The transaction amounted to EUR 544 Million, out of which EUR 200 Million will be used for improving the financial situation of Mercator and EUR 20 Million for working capital requirements.

  • The takeover was preceded by an agreement concluded by Agrokor with creditor banks to reschedule Mercator’s debts of EUR 1 billion and regulatory approvals in the countries of Mercator operations.
  • Ivica Todoric, Chief Executive Officer (CEO) of Agrokor Group confirmed its trust in the new business corporation, that is expected to generate a yearly turnover of EUR 7 billion and become the most represented retailer in the Balkan Region.