Croatia's Agrokor submits bid for Mercator-source

According to the local media, Agrokor offered 221 euros per Mercator share, which would value the whole company at 832 million euros ($1.1 billion).Agrokor and bank ING, which is managing the sale of 50.03 percent of Mercator, gave no immediate comment.Shares of Mercator closed 2.8 percent lower at 168.1 euros on Tuesday while the blue-chip SBI index eased 1 percent. ($1 = 0.727 Euros)

INSIGHT: All change in the Balkans as Agrokor snares Mercator

Agrokor has signed a Sale & Purchase Agreement with a consortium of 12 selling shareholders for 53.1% of the share capital of Poslovni Sistem Mercator (Mercator). Agrokor’s cash offer of EUR120 (USD156) per share values the stake at EUR240 million (USD311 million). This represents EUR452 million (USD587 million) for a 100% stake, the company said in a press release. As a seismic shift impacts the Balkan retail scene, Planet Retail assesses the implications of this major merger for both consumer and supplier alike.

Written by Miloš Ryba (@EuroAsiaRetail).

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Social Media Job for a Croatian company!

Before I go out, I just have to quickly announce the happy news!!! There is a social media job ad for the biggest, well the only, Croatian corporation, Agrokor. We are looking at a bright future after all. ;) Not that there hasn’t been great social media in Croatia, au contraire, thanks to iStudio, many Croatian companies have been enjoying the benefits of good social media marketing. So why is this such a good news? The companies, well one for now, have finally realized that is so much cheaper just to hire a social media strategist to work within the company. There is hope for the Croatian job market. Agrokor is even offering 2 lovely jobs that you can find here. Of course, it’s written in Croatian. Hopefully, in the near future, Croatian job portals will be flooded with social media jobs so you won’t notice that much all the other great waiter, shoe salesman and sewer lady opportunities that this great country has to offer. ;)