Slovenian Court Decides on Mercator Shares Expropriation

Total Croatia News

ZAGREB, January 4, 2020 – Ljubljana District Court delivered on December 31 a decision in the case of the expropriation of Mercator shares owned by Agrokor and sent the decision to Slovenian Competition Protection Agency (AVK), however, the Court hasn’t revealed its decision, and the agency says they haven’t received the decision yet, reports Slovenia’s press agency (STA).

“The Agrokor-Mercator case was decided within 48 hours and the case file was returned to the Competition Protection Agency,” said the Court to STA.

The Court wasn’t able to provide more information since they don’t know if the decision has been delivered to the AVK.

The AKV today stated they haven’t received the court decision yet, STA reports.

The agency decided to confiscate Agrokor’s shares in Mercator on December 16 in an effort to secure the enforcement of the misdemeanour decision of fining Agrokor 53.9 million euro for not reporting concentration with the Costella water bottling company.

Agrokor appealed against the decision on December 24, claiming that the agency did not have any legal grounds for the decision and that it was unconstitutional, arbitrary and unlawful.

Agrokor reported Slovenian agency to the Vice-President of the European Commission and EU competition authorities.

More Agrokor news can be found in the Business section.


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