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Slovenia Times
24. April, 2021
Ljubljana – Slovenian retailer Mercator is in majority ownership of Fortenova after the transfer of shares from the troubled Croatian group Agrokor has been completed in line with the restructuring plan, Mercator announced in a press release on Friday.
After 18.5% of Mercator stock was transferred at the end of March, the remaining 69.6% was transferred today. Fortenova now holds a 88.10% stake in Mercator.
Fortenova is the successor to the collapsed food-to-retail concern Agrokor and the share transfer is part of a broader restructuring plan and ownership reshuffle.
Mercator was the last major asset remaining in Agrokor’s ownership.
The Mercator management sees the transfer as the beginning of a new era and an opportunity for development of all stakeholders. Senior officials asserted that Mercator’s seat would stay in Slovenia and that there would be no lay-offs. There is even the possibility of hiring, CEO Tomislav Čizmić sa
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