Competition Watchdog Blocks Mercator Share Sale

July 2008 | Company News Alert

The sale of a 23% share in Mercator, Slovenia's leading mass grocery retail (MGR) operator, has been blocked by the country's competition authority. In June of this year, Slovenian Infond Holding, which holds a 25% stake in the retailer, reached an agreement with Austria's Raishop Holding, a subsidiary of Raiffeisen Investment, to sell 23% of its shares for EUR260mn (US$409.4mn) provided the deal was approved by Slovenia's Competition Protection Office. Infond had made the decision to sell off the majority of its stake in the retailer after the competition authorities started procedures against the firm and four other companies, which

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