Fortenova Asks EC for Concentration Approval in Case of Mercator

Total Croatia News

ZAGREB, August 20, 2019 – The Fortenova Group, that has taken over the sound segment of the ailing conglomerate Agrokor, has informed the European Commission about its intention to take over the Slovenian chain of shops, Mercator, the Slovenian news agency STA reported on Tuesday.

Agrokor acquired the Slovenian retailer Mercator in 2014.

A source from the group today confirmed that they had notified the EC about its move and the Zagreb-based group started the procedure for a prior concentration approval on 13 August in Brussels.

Fortenova does not want to prejudge the outcome of the control procedure before the EC.

Currently, 69.57% of the Mercator stock is held by Agrokor, Russia’s Sberbank holds 18.54%, and the remaining 11.89% is held by various banks and private investors, the local media report.

More news about Fortenova can be found in the Business section.


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