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INI-2033/09 MERCATOR, d.d., Ljubljana Strategic alliance concluded between Mercator and Getro on Croatian market
Pursuant to relevant legislation, the company Poslovni sistem Mercator, d.d., hereby informs the shareholders and the public of the following:Zagreb, December 18th 2009 - Company Getro, d.d., and Company Mercator-H, d.o.o., today signed an agreement for a strategic alliance, under which Mercator-H will takeover Getro's commercial activity in the market of Croatia. The strategic alliance includes a takeover of »Getro« brand name, long-term operating lease of all 16 Getro shopping centres and other commercial properties with a total area of over 110,000 square meter. In addition, the company Mercator-H will become the employer of all Getro employees. Company Getro, d.d., with its 16 shopping centres and an established brand is among the largest retailers with fast moving consumer goods on the Croatian market. After completion of the strategic alliance, Mercator plans to maintain the "Getro" brand name and to continue its development on the Croatian market as well as in some other markets in the region. With this alliance, Mercator will increase its market share on the Croatian fast moving consumer goods market to 8-9 percent and will strengthen the position of the second-largest trader in the market. The realization of the strategic alliance signifies a fulfilment of Mercator's strategic growth plans and its vision to become the leading retail chain with fast moving consumer goods program in Southeastern Europe. The agreement for strategic alliance will be able to enter into force only after approval by the Croatian Competition Protection Office (Agencija za tržišno natjecanje - AZTN). Enclosed with the public announcement is the fairness opinion on the transaction in terms of equity shareholders and the company Mercator, d.d. This announcement will be published on the company’s website at www.mercator.si as of December 18th 2009, and will remain posted for a period of at least five years. Poslovni sistem Mercator, d.d.,
Management Board
Date: 18.12.2009
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