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Sep 20, 2007 15:45 EEST
September 20 (SeeNews) - Slovenia’s largest food retailer Mercator said on Thursday it has sold 100% of hotel operator M-Hotel for an undisclosed price.
The retailer did not disclose the name of the buyer.
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Mercator has decided to sell M-Hotel, specialised in catering and hotel services, in line with its strategy to focus on retail, its core activity, it said in a statement.
Shares in blue-chip Mercator lost 0.55% to an average 369.80 euro ($518.79) on the Ljubljana Stock Exchange on Thursday.
($ = 0.71 euro)
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