Lasko, Istrabenz Insist on Keeping Mercator Stakes

The biggest owner of retailer Mercator, beverage group Istrabenz and food, energy and tourism holding Istrabenz, have said they would remain long-term strategic owners of Mercator after news that a London-based fund was seeking to buy a quarter of the retailer.

Pivovarna Lasko intends to remain a long-term strategic owner of Mercator and does not plan to withdraw from this investment, Lasko chief exec Bosko Srot confirmed on Tuesday.
Srot refused to comment on the price of SIT 41,000 (EUR 171.12) per share that Altima Global Special Situations Master Fund (AGSS) offered in a tentative bid. Similarly, Istrabenz said in a press release it would remain a long-term investor in Mercator.
Both companies reiterated that they have not taken part in any agreements on the sale of Mercator shares.
Lasko and its subsidiaries control about 16% of Mercator, while Istrabenz holds about 13% of the company directly and through a repurchase agreement with Banka Koper.

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