Mercator's managing board has decided not to give an offer for the acquisition of the Pivovarna Lasko (PL) brewery, the board of Slovenia's biggest retail chain reported on Thursday on the Ljubljana Stock Exchange (ZSE).
Mercator said it abandoned those plans due to great risks stemming from the possible take-over of the brewery, which holds a 23.34 percent in the retailer, after the PL shareholders defined terms and conditions for such a transfer at their assembly.
A majority of Slovenian media and economic pundits believe that the purpose of Mercator's recent announcement of its plan to take over the brewery has been to prevent Croatia's private concern Agrokor from acquiring Mercator at the price of EUR 221 per share.
