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Mercator management suggests new sale of 50 percent of company's stock

Autor: mses
LJUBLJANA, March 31 (Hina) - Mercator director Ziga Debeljak has suggested to major stakeholders in this leading Slovenian retail company to cease the procedure for the sale of one quarter of Mercator's equity held by the Pivovarna Lasko (PL) brewery and organise an international tender for the sale of at least 50 percent of Mercator's shares by the end of this year.

Debeljak made this proposal in a letter circulated to the PL brewery, Unicredit bank Slovenia, Nova Ljubljanska bank (NLB), Gorenjska bank, A bank, Koper bank and Hypo Alpe Adria bank, according to a notification issued on the web site of the Ljubljana Stock Exchange.

According to the notification, the Mercator management has recently detected preliminary interest of some strategic investors in the European Union.

The possible sale of 25 percent of shares, currently held by the PL brewery, to one investor, will reduce the potential interest of other strategic investors which is why Debeljak made the above-mentioned proposal.

Debeljak believes that the offer of the sale of 50 percent of the company's equity will maximise shares' price.

(Hina) ms

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