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INI-416/13

MERCATOR, d.d., Ljubljana

Resolutions adopted at a correspondence meeting of the Supervisory Board of the company Mercator, d.d.

Pursuant to the Rules and Regulations of the Ljubljana Stock Exchange, d.d, and the relevant legislation, the company Poslovni sistem Mercator, d.d., hereby informs the shareholders and the public of the following:

 

At the correspondence meeting held on April 22, 2013, the Supervisory Board of the company Poslovni sistem Mercator, d.d., discussed activities related to the timing of the sale process of shares of the company Mercator, d.d., and activities related to acquisition of subsidiaries.

Given the time frames specified in the Memorandum of Cooperation concluded between the consortium of sellers of majority shareholding and Management Board of the company Mercator, d.d., the Supervisory Board considers that the timetable for implementation of the sale process is delayed and time schedule of the process is required to be defined. The Management Board must concentrate on the planned reorganization of the business and successful conclusion of negotiations with banks on a new long-term financing solution for the Mercator Group.

The Supervisory Board also approved the acquisition of companies Intersport H, d.o.o., Croatia, Modiana, d.o.o., Croatia, Mercator centar tehnike, d.o.o., Croatia, Intersport BH, d.o.o., Bosnia and Herzegovina, Modiana, d.o.o., Bosnia and Herzegovina, Intersport S-ISI d.o.o., Serbia, and Modiana, d.o.o., Serbia, to the Mercator subsidiaries in each market.

 

 

This announcement will be published on the company’s website at www.mercator.si as of April 23, 2013, and will remain posted for a period of at least five years.

Poslovni sistem Mercator, d.d.
Management Board
Date: 23.04.2013