Agrokor and Mercator sign Business Cooperation Agreement
Jun 18, 2013
Today the Business Cooperation Agreement between the Agrokor Group and Poslovni sistem Mercator d.d. was signed, as the last step at this stage in the process of realizing the transaction pursuant to the Sale-Purchase Agreement for the acquisition of a 53.12% stake of Mercator by Agrokor, concluded late last week by Ivica Todorić, CEO and President of the Agrokor Group and the Owners' Consortium comprising 12 sellers.
The newly signed Agreement defines the cooperation between Agrokor and the Mercator Management in the transitional period preceding the closing of the deal in which Agrokor will acquire the majority share package of Mercator. The Cooperation Agreement was signed by Agrokor's CEO and President Ivica Todorić and the CEO of Poslovni sistem Mercator Anton Balažić, whereby both sides have undertaken to cooperate on the execution of the Sale-Purchase Agreement in order for the transaction to be completed as set forth in the Agreement.