April 13 (SeeNews) - Slovenian private equity fund Alfi PE completed the acquisition of Merkur Trgovina, the retail unit of insolvent home products and appliances group Merkur, Merkur Trgovina said on Wednesday.
A general shareholders meeting of Merkur Trgovina appointed a new management board with Jure Kapetan as general manager and Miha Kravanja as board member, the retailer said in a statement.
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"We will expand our sales network and upgrade and enrich our online offer," Kapetan said in the statement.
In December, Alfi said it signed an agreement to acquire Merkur Trgovina for 50 million euro ($54.1 million). The fund plans to improve customers' shopping experience and build shopping centres in Ajdovscina and Koper, public broadcaster RTV reported back then.
US investment firm HPS Investment Partners bought Merkur Trgovina for 28.56 million euro in July 2017.
Merkur went into bankruptcy in November 2014 and its activities were separated into two new firms - the retail unit Merkur Trgovina and Merkur Nepremicnine, which is in charge of real estate assets.
($ = 0.9239 euro)