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Dec 18, 2009 17:14 EEST
LJUBLJANA (Slovenia), December 18 (SeeNews) – Slovenia's largest food retailer Mercator will take over the commercial activity of Croatian retailer Getro in Croatia, the Slovenian company said on Friday.
“Company Getro, and Mercator’s Croatian arm Mercator-H, today signed an agreement for a strategic alliance, under which Mercator-H will take over Getro's commercial activity in the market of Croatia,” Mercator said in a statement posted on the website of the Ljubljana Stock Exchange (LJSE).
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The strategic alliance includes a takeover of the Getro brand name, a long-term operating lease of all 16 Getro shopping centres and other commercial properties with a total area of over 110,000 square metres. The agreement should be approved by Croatia's anti-trust regulator AZTN, the statement said.
Mercator (www.mercator.si) is also present in Serbia, Montenegro and Bosnia. Earlier this week, Macedonian daily Utrinski Vesnik (www.utrinski.com.mk) reported that Mercator planned to build its first shopping centre in the Macedonian capital of Skopje.
Getro (www.getro.hr) was set up in 1994 as a family-owned business.
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