Mercator Sale Almost Certain as Laško Agrees to Sell to Agrokor

Mercator Sale Almost Certain as Laško Agrees to Sell to Agrokor

 

The supervisory board of beverage group Pivovarna Laško okayed Friday the sale of its stake in retailer Mercator to Croatia’s Agrokor, providing a key push towards the completion of the acquisition after the sale has reportedly already been confirmed by NLB bank.

The news was confirmed for the STA by Laško supervisory board president Vladimir Malenković.

Laško directly owns 8.43% of Mercator but two of its subsidiaries are in possession of another 15% and are likely to follow the parent company’s lead in endorsing the plan.