Mercator Slovenia

13 Mercator Shopping Centers Up For Sale

By Retail SEE Group / August 15, 2019

Slovenian company Mercator has put up for sale 13 of its shopping centers across the South East Europe region. The portfolio includes one shopping center in the Slovenian town Koper, four malls in Croatia, two in Serbia and six in Bosnia and Herzegovina.

DEPT REDUCTION STRATEGY

The decision to sell its shopping center assets across the region is part of the company's debt reduction strategy which was set in 2014. The aim of the company is to lower dept in order to focus on developing its core business, which is retail of fast-moving consumer goods.

All of the properties are being sold under a sale-leaseback plan, which will allow Mercator to remain operating within the shopping centers as a tenant.

In February, Mercator completed the sale of 10 shopping centers in Slovenia to Austria’s Supernova group for 116.6 million EUR.

Read full article about Supernova's acquisition of Mercator shopping centers HERE.

On the 31st of March 2019, the company reported a net financial debt of 666.8 million EUR, which was 18.2 percent down compared to the same period last year.

The strategic goal of the company is to further reduce its debt in order to provide financial resources for new investments in its retail business by 2021.

ABOUT MERCATOR

Mercator is a Slovenian multinational retail corporation controlled by Poslovni sistem Mercator, d.d. and partially owned by the Croatian company Agrokor since 2014.

The group operates in  Slovenia, Croatia, Bosnia and Herzegovina, Serbia, and Montenegro.

The group operates a large network of supermarkets and hypermarkets across the region and has its own brand of various foods, drinks, and household products sold at discount prices. Aside from retail and wholesale, Mercator also provides travel services for tourists, and payment-automated filling stations in Slovenia.

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