January 10 (SeeNews) - Croatian private investor Denis Matijevic said on Tuesday he has bought a minority stake in local fish and sea products' retailer Fisherija ahead of its capital increase, as the company eyes expansion of its retail network in synergy with his meat retail business.
“Our expansion is already under way. This month, the meat business will open a butcher's store in the Croatian capital and next month another one will open there,” Matijevic said in an written statement to SeeNews. He did not disclose details of his purchase of a stake in Fisherija and the planned increase of the company's capital.
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At the beginning of this year, Matijevic, an entrepreneur with more than 30 year experience in the agricultural and food sector, entered the Fisherija's ownership structure, the company said in a press release earlier on Tuesday, without disclosing details of the transaction. Matijevic runs several companies in the food sector.
“This year we expect a consolidated revenue of the meat and fish retail businesses of some 100 million kuna ($14 million/13 million euro), up some 20% year-on-year,” he added.
Via the expertise of the new owner and the business strategy of the current owners of Fisherija - Ivan Bosnic, Branimir Brzic, Marko Burazin and Ivica Zuric, an opportunity opens for stronger growth and development of the brand not only on the market of Zagreb but for the whole of Croatia, Fisherija said in its press release.
(1 euro = 7.5345 Croatian kuna)