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Croatia's M SAN to take over Slovenia's Alterna

Author Annie Tsoneva
Croatia's M SAN to take over Slovenia's Alterna Kritchanut/

ZAGREB (Croatia), December 2 (SeeNews) - Croatian IT equipment and consumer electronics distributor and producer M SAN said on Thursday it has submitted a binding bid for 100% shareholding interest in Slovenian distributor of IT equipment, accessories and consumables Alterna Distribucija.

Ljubljana-based Alterna is a leading Slovenian value-added distributors with a sales revenue of 21.4 million euro ($24.2 million euro) in 2020, M SAN said in a filing with the Zagreb Stock Exchange without disclosing the price it has offered.

M San Grupa also includes an integrator and software developer division, an e-commerce arm, online financial services division, a farming unit and a real estate arm.

It had more than 600 employees at the end of last year. M San Grupa has a bond issue maturing in 2026 which is listed on the Zagreb bourse.

($= 0.882 euro)