Slovenian retail giant Mercator has decided to begin the process that would allow it to complete a capital share increase of about 20%. The company’s Board has planned to offer new shares of Mercator in order to raise cash for future expansion activity. According to a 2007 Shareholder resolution, Mercator is free to issue the new stock under certain conditions until mid 2012.
Mercator d.d. (www.mercator.si)
Mercator is the largest single retailer in Slovenia and southeastern Europe as well as one of the oldest, having been founded in 1949. Hypermarkets, supermarkets, restaurants, home improvement centers, boutiques, sporting goods stores, and cash-and-carry centers are all part of the Mercator family, generating annual revenues of EUR 2.7 billion in 2008. The company employs 22,000 people throughout it’s operations in Slovenia, Serbia, Croatia, and Bosnia.