Mercator decides to buy out small shareholders, who will sue

Ljubljana – The shareholders of the retailer Mercator, which is 90% owned by the Croatian group Fortenova, decided today to buy out small shareholders at EUR 36 per share. An association of small shareholders, which had proposed EUR 204.33 per share, announced a lawsuit and a review in court regarding the appropriate amount of severance. Mercator has been part of the Croatian group since April, when its shares were transferred from the bankrupt conglomerate Agrokor, which had acquired the largest Slovenian retailer in 2014. After a September meeting of shareholders,…

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