Search
Name
From
RadDatePicker
Open the calendar popup.
To
RadDatePicker
Open the calendar popup.
 

 

Agrokor Withdraws Bid for Mercator

07 February 2012

On 17th October, 2011 Agrokor d.d. submitted a non-binding bid in the public invitation to tender for the purchase of 52.1% of shares of Poslovni sistem Mercator d.d. ("Mercator"), run on behalf of a consortium of key shareholders (the "Consortium") by ING Bank. Based on our non-binding bid, on 7th November, 2011 the Consortium  selected us as the preferred bidder and provided us with exclusivity in negotiating the terms of the acquisition.

While we have tried to agree satisfactory terms and conditions with the Consortium for our acquisition of the 52.1% stake in Mercator during the exclusivity period, we have been unable to do so to date. The protracted course of the process so far has led us to conclude that the entire process might continue for an extended period of time and that our ability to consummate the acquisition on satisfactory terms was not assured. This, in our opinion would be harmful both for our company and for Mercator and we have therefore decided to withdraw our bid.

Accordingly, on 6th February, 2012 we terminated the exclusivity agreement with the Consortium and withdrew our non-binding bid and have thus formally withdrawn from the sale process with the Consortium.

 
10 April 2014

Agrokor and Sberbank announce EUR 600 million syndicated long-term loan facility
Agrokor and Sberbank announce EUR 600 million syndicated long-term loan facility
Further activities for CEE retail customers are planned
08 April 2014

PIK Vrbovec sold its canned pate and meat program to Podravka
PIK Vrbovec sold its canned pate and meat program to Podravka
This is aimed to further consolidate the domestic food industry
03 April 2014

Ledo won the annual Corporate Social Responsibility Award
Ledo won the annual Corporate Social Responsibility Award
The 2013 CSR Index Award was won in the Environmental management responisiblity and practices category
27 March 2014

First candidates from the young people employment initiative hired
First candidates from the young people employment initiative hired
The Agrokor Group completed its second initiative of hiring young people and out of 16.500 applicants the first 265 were employed
21 March 2014

Super Konzum Stenjevec in Zagreb is opened
Super Konzum Stenjevec in Zagreb is opened
The new shopping center is an investment valued at 40 million kuna
27 February 2014

Agrokor will invest 140 million kuna into new Konzum shopping centers
Agrokor will invest 140 million kuna into new Konzum shopping centers
New centers in Zagreb will be opened
12 February 2014

Agrokor to employ hundreds of young people
Agrokor to employ hundreds of young people
Applications are no longer being accepted. We thank those who applied and showed interest in working and gaining experience at one of the companies from the Agrokor Group.
06 February 2014

Agrokor continues strong investments in PIK Vrbovec
Agrokor continues strong investments in PIK Vrbovec
Three years of investments worth HRK 300m
27 January 2014

Investment into construction of a new greenhouse
Investment into construction of a new greenhouse
Agrokor invested 78 million kuna into a greenhouse with 50 new employees
24 December 2013

Agrokor sold Jamnica’s Juicy to the Stanić Group
Agrokor sold Jamnica’s Juicy to the Stanić Group
The investment is worth 45 million euro
 
1 2 3 4 5
...
1 - 10  /  401
 
 


Copyright © 2014. Agrokor d.d. all rights reserved
Powered by VIP-DATA dotSite