Kostic interested in acquiring a stake in Mercator

The proprietor of MK Group, Miodrag Kostic, is interested in buying a part of the Mercator chain in Serbia from the head of Croatia’s Agrokor, Ivica Todoric.

Kostic said in his interview for TV Slovenia 1 that he would be interested in purchasing a part of Mercator S if the Croatian businessman decided to sell a part of the store chain in order to pay the debt towards suppliers and banks.

As Kostic underlined, his company was “seriously considering” buying a part of the Serbian Mercator.

– If such an opportunity presents itself, we will take the purchase under serious consideration and it is almost certain that I’d be prepared to buy a share in Mercator S – he said.

Kostic added that “it’s very good for Serbia to have reacted to Agrokor problems immediately”.

– In this case, Mercator S is not directly tied to Zagreb, but to Ljubljana, as Slovenia’s Mercator owns and practically runs Mercator S. Therefore, it is much more important for us, in Serbia, to see how the Slovenian authorities will react in an effort to protect Mercator’s interests in Slovenia as a separate system. Mercator S is an important company for Serbia, as it makes around a billion euro in revenue a year – Kostic said.

According to the official data published by Mercator S, the company owes about EUR 130 million to suppliers in Serbia, and around EUR 135 million to banks. As the Informer daily reports, Mercator S owes EUR 40 million to MK Group alone, and the debt could be included in the sales and purchase arrangement.

(eKapija, 24.04.2017)

http://www.ekapija.com/website/en/page/1737710/Miodrag-Kostic-interested-in-part-of-Mercator-S-Serbia-reacts-well-to-Agrokor-problems

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