Fortenova Group

Ljubljana – Dnevnik reports on Tuesday that after the Slovenian retailer Mercator had been transformed from a joint stock company into a limited liability company at the beginning of the month, the procedure has been launched in the region to merge certain business functions of Mercator and the Croatian retail chain of Konzum.

Ljubljana – Retail group Mercator posted a net profit of EUR 10.6 million in the first half of the year after reporting a loss of EUR 69 million in the same period a year ago due to property revaluation and writedowns. Sales revenue was down 0.4% to EUR 1.1 billion.

Ljubljana/Zagreb – Croatia’s Fortenova Group increased its share in Slovenian retail group Mercator from 88.1% to 89.11% during a takeover bid for the remaining 724,764 Mercator shares Fortenova does not already own. A total of 154 Mercator shareholders accepted Fortenova’s offer of EUR 36 per share in cash.

Ljubljana – Fortenova, a group based in Croatia’s Zagreb, published on Wednesday a takeover bid for the remaining 724,764 shares of Slovenian retail group Mercator it does not already own. It is offering to pay EUR 36 per share in cash.

The bid is open for 29 days, that is until 23 June, unless it is extended, the group said in the Slovenian newspaper Delo on Wednesday.

Zagreb – The Croatian group Fortenova and Slovenian retailer Mercator have signed a contract under which the latter will get a EUR 385 million loan to restructure its debt to creditor banks, in a move that further enables the transfer of the Slovenian retailer from the bankrupt former owner Agrokor to Fortenova.

Zagreb - Fortenova Group and Nomad Foods Limited sign a purchase agreement for the Frozen Foods Business Group, with a transaction value of 615 million.

Belgrade – Serbia’s competition protection authority has cleared the transfer of Slovenian retailer Mercator to Croatian group Fortenova, thus clearing yet another hurdle for the step that follows the bankruptcy of Fortenova’s predecessor Agrokor. Fortenova expects the transfer to be completed at the end of the month.