MERCATOR, d.d., Ljubljana
Mercator signs agreement on sale of Pekarna Grosuplje to the company Don don d.o.o.
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:
Company Poslovni sistem Mercator, d.d., and company Don don d.o.o., signed today, on April 16, 2015, the Sale and Purchase Agreement for the sale and purchase of Pekarna Grosuplje. The transaction is expected to be completed by the end of the first half of this year, after the completion of a number of formal procedures, including the issue of approvals by respective regulators.
While being a part of Mercator, Pekarna Grosuplje more than doubled its production volume and became one of the most successful bakeries in Slovenia. As declared in the announced strategic policies, the company Mercator, d.d., is intensifying its focus on its core activity of retail. The transaction which paves the way for further growth of Pekarna Grosuplje on the one hand, and allows a strategic partnership for Mercator in the bakery product category on the other, thus brings positive effects for all key stakeholders. With this transaction, the Pekarna Grosuplje gains a dynamic and innovative strategic owner who will provide a new drive for further development of high-quality products. The presence of the company Don don d.o.o. in international markets will also allow Pekarna Grosuplje to strengthen its export orientation. As the products and the bakery product category are further developed, Mercator will continue to offer its customers a varied and competitive offer of bread and bakery products of the highest quality.
Today, Pekarna Grosuplje is Slovenia's second largest bakery in terms of production volume. In 2014, its total production output amounted to 15,200 tons of products. They make 50 types of bread, 41 types of rolls and other bakery products, and 14 types of fine pastry. They develop approximately 20 new products each year. It employs 217 employees and it is deliberately focused on encouraging interest for the vocation of a baker among the young generation, as this is one of the vocations for which human resources are in direly short supply. Pekarna Grosuplje is also the recipient of numerous awards for high quality of its products, the development of which contributes to the preservation of the rich bakery heritage in Slovenia. The awards include the prestigious "Maison de Qualite" presented to organizations for superior achievements in the advancement of the food culture. It is also the perennial winner of the annual bakery product contest held by the Slovenian Chamber of Commerce and Industry.
This announcement will be published on the company’s website at www.mercatorgroup.si as of April 16, 2015, and will remain posted for a period of at least five years.
Poslovni sistem Mercator, d.d.