Sale of Mercator’s Shopping Centers in Croatia and Bosnia and Herzegovina

Sale of Mercator’s Shopping Centers in Croatia and Bosnia and Herzegovina

SEE Legal’s Slovenian member Selih & Partners has been advising Mercator on its sale of ten shopping centres in Slovenia to Supernova. On October 12, 2018, Mercator and Supernova signed a contract for the sale, which provided Mercator with a rental agreement for a period of 15 years, with the possibility of extending the agreement for another 15 years under the same conditions.

The Mercator Group is one of the largest corporate groups in Slovenia, as well as in the entire region of South-eastern Europe. Its primary and most important is the retail of fast-moving consumer goods, complemented by a range of supplementary services.

In the past year, Mercator’s management board prepared a new strategy that aims to lower the Group’s debt and enable its long-term development. The monetization project began with the sale of the shopping centre in Belgrade at the end of last year and continues with the sale of 17 centres in Slovenia, Croatia, and Bosnia and Herzegovina. After the sale of the centres in Slovenia and the conclusion of the second phase of the monetization, Mercator shall initiate the third phase, which includes the sale of centres in the remaining two countries. 

SEE Legal’s Slovenian member Selih & Partners has been advising Mercator on its sale of ten shopping centres in Slovenia to Supernova. On October 12, 2018, Mercator and Supernova signed a contract for the sale, which provided Mercator with a rental agreement for a period of 15 years, with the possibility of extending the agreement for another 15 years under the same conditions.

The Mercator Group is one of the largest corporate groups in Slovenia, as well as in the entire region of South-eastern Europe. Its primary and most important is the retail of fast-moving consumer goods, complemented by a range of supplementary services.

In the past year, Mercator’s management board prepared a new strategy that aims to lower the Group’s debt and enable its long-term development. The monetization project began with the sale of the shopping centre in Belgrade at the end of last year and continues with the sale of 17 centres in Slovenia, Croatia, and Bosnia and Herzegovina. After the sale of the centres in Slovenia and the conclusion of the second phase of the monetization, Mercator shall initiate the third phase, which includes the sale of centres in the remaining two countries.