By: P.T., STA
Croatian group Fortenova has become the sole shareholder of Slovenia’s largest retailer Mercator after squeezing out all remaining small shareholders, leading to a suspension of trading on the Ljubljana Stock Exchange pending a decision on delisting.
Fortenova, which owned roughly 90% of Mercator prior to the squeeze-out, said that it had paid EUR 22.4 million for the outstanding shares. The transaction completes a process that began in 2014 with the purchase of Mercator by Croatian retailer Agrokor, said Fabris Peruško, CEO of Fortenova, the company that took over Agrokor’s healthy assets when it went bankrupt.
