MERCATOR, d.d., Ljubljana
Santana and Loka brands get a new owner and development plan
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:
Today, on June 30, 2015, the company Ivero Trade, d.o.o. – an associated company of Franck, d.d. – and the company Mercator Emba, d.d., signed a sale and purchase agreement on the acquisition of the ground coffee brands Santana and Loka. Production of products marketed under the Santana and Loka brands will remain at the manufacturing plants of the company Mercator Emba, d.d., in Logatec.
Divestment of the Loka and Santana brands is consistent with the long-term strategy of the company Mercator, d.d., which includes increasing focus on the company's core activity of retail. With this transaction, Mercator has found a strategic partner who will allow further development of ground coffee products and this product category, which in turn will generate positive effects for both the consumers and other key stakeholders.
This announcement shall also be published as of June 30, 2015, on the company website at www.mercatorgroup.si, for a period of no less than five years.
Poslovni sistem Mercator, d.d.,