LJUBLJANA Feb 18 Croatian food producer and
retailer Agrokor is to offer between 115 and 130 euros a share
for Mercator, valuing its Slovenian rival at up to 489
million euros ($653 million), the Slovenian newspaper Finance
said on Monday.
Agrokor was not available for immediate comment.
Croatian media reports in the past month have said that it
is still keen to buy Mercator.
In December a number of Mercator shareholders offered their
combined 53.18 percent stake in the company. A similar sales
process was stopped in early 2012 when the previous Mercator
management refused Agrokor access to undertake a due diligence
check on the state of the business.
At that time Agrokor had submitted the highest bid for
Mercator, offering 221 euros ($300) a share and valuing the
whole company at 832 million euros, according to local media. It
eventually withdrew its bid last February.
Shares in Mercator, which has market capitalisation of some
470.7 million euros, closed flat at 125 euros on Friday.
(Reporting By Marja Novak; Editing by Zoran Radosavljevic and