"Delta set to buy stake in Mercator"

Serbia's largest privately-owned company, Delta Holding, will most likely take over 25 percent of shares of Slovenia's Mecator in May.

Izvor: Politika

Saturday, 14.03.2009.

14:33

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Serbia's largest privately-owned company, Delta Holding, will most likely take over 25 percent of shares of Slovenia's Mecator in May. Daily Politika also writes today that Delta is set to buy a retail chain in one of the neighboring countries. "Delta set to buy stake in Mercator" Delta is not giving up on either its business plans in Slovenia or its regional retail expansion. At this moment, negotiations are ongoing with Slovenian Pivovarna Lasko brewery CEO Bosko Srot, the newspaper says. Srot owns a 48 percent stake in Mecator, via his company and a fund. The negotiations are reportedly about the conditions under which Delta would buy 25 percent of Mercator's shares currently owned by Srot, which he, due to legal limitations, cannot control. Politika has also learned that Delta will not seek new banking loans in order to finance its regional plans. Instead, the company will use added capitalization to allow several American investment funds into the ownership structure of its retail operation. This capital, estimated to reach EUR 300mn, would allow Delta to purchase an unspecified retail chain in a neighboring country. Delta then plans to be listed in the London Stock Exchange as early as next year – should it manage to meet all the criteria.

"Delta set to buy stake in Mercator"

Delta is not giving up on either its business plans in Slovenia or its regional retail expansion. At this moment, negotiations are ongoing with Slovenian Pivovarna Laško brewery CEO Boško Šrot, the newspaper says.

Šrot owns a 48 percent stake in Mecator, via his company and a fund.

The negotiations are reportedly about the conditions under which Delta would buy 25 percent of Mercator's shares currently owned by Šrot, which he, due to legal limitations, cannot control.

Politika has also learned that Delta will not seek new banking loans in order to finance its regional plans.

Instead, the company will use added capitalization to allow several American investment funds into the ownership structure of its retail operation.

This capital, estimated to reach EUR 300mn, would allow Delta to purchase an unspecified retail chain in a neighboring country.

Delta then plans to be listed in the London Stock Exchange as early as next year – should it manage to meet all the criteria.

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