ZAGREB May 15 Slovenia's largest food retailer
Mercator said on Wednesday its group net loss reached
8.6 million euros ($11.2 million) in the first quarter compared
with a loss of 9.1 million in the same period a year ago.
Mercator also said in a statement its sales had fallen to
658.4 million euros, 2.6 percent below the last year's
"Negative growth, persistence of harsh economic conditions
and negative trends in consumption as well as restricted access
to financing sources continued to affect the operations and
performance of the entire group," Mercator said in a statement.
The majority owners of Mercator, a consortium comprising 12
local companies and banks, said earlier this week it had
received two bids for their 53 percent stake in the retailer
Mercator operates stores in Slovenia, Croatia, Bosnia,
Montenegro, Serbia and Bulgaria.
($1 = 0.7705 euros)
(Reporting by Igor Ilic; Editing by David Holmes)