Mercator Serbia Explained

Mercator Serbia
Native Name:Меркатор Србија
Native Name Lang:sr
Type:d.o.o.
Industry:Retail
Foundation:
Location City:Temerinski put 50, Novi Sad
Location Country:Serbia
Locations:321 retail stores
Brands:Mercator
Idea
Roda
Area Served:Serbia
Key People:Entoni Sošić
Services:Discount stores, hypermarket, supercenter, supermarket, superstore, other specialty
Revenue: 711.34 million [1]
Assets: €457.47 million [2]
Equity: €101.32 million
Num Employees:8,124
Footnotes: [3]

Mercator Serbia (Serbian: Меркатор Србија|Merkator Srbija) also known as Mercator-S, is a Serbian supermarket chain and a part of Mercator Group, an international retail chain based in Slovenia. As of 2016, it holds a 15.98% market share in Serbia.[4]

History

The company was established in 2002 when the first Mercator Center Belgrade was opened in New Belgrade.[5] The 50,000 square meter Center underwent a complete renovation and was re-opened in 2012.[6]

In October 2006, Mercator acquired 76% of Rodić M&B company for 116 million euros, becoming the major shareholder in Roda Supermarkets. The full ownership takeover of this company was completed in 2009.[7]

In June 2013, the Croatian Agrokor Group initiated[8] the takeover of Mercator Group,[9] which was completed in June 2014. They then began integrating their operations in Serbia under the Mercator brand,[10] which included Mercator Centers, Roda Megamarkets, and Idea supermarkets. The takeover was approved by the Serbian Commission for the Protection of Competition in December 2013.[11]

In December 2017, the Serbian holding company MPC Holding purchased Mercator Center Belgrade from Mercator Serbia for a sum of 46 million euros.[12] As of December 31, 2018, Mercator operates 321 retail stores in Serbia, including 241 Idea markets, 35 Idea supermarkets, 30 Roda markets, 6 Roda megamarkets, and two Mercator hypermarkets.[13]

In August 2019, the Mercator Group initiated the process of selling an additional 12 supermarkets across the former Yugoslavia region in order to reduce debts. Among the listed markets for sale, two of them are owned by Mercator Serbia.[14]

See also

External links

Notes and References

  1. Web site: Bilans uspeha (2018) - Mercator-S . apr.gov.rs . 5 August 2019 . Serbian.
  2. Web site: Bilans stanja (2018) - Mercator-S . apr.gov.rs . 5 August 2019 . Serbian.
  3. Web site: Основни подаци о привредном друштву. apr.gov.rs. Serbian Business Registers Agency. 28 February 2018. Serbian.
  4. Web site: Analiza tržišta maloprodaje 2018 . kzk.gov.rs . Komisija za zaštitu konkurencije Republike Srbije . 9 October 2018 . Belgrade . PDF . Serbian.
  5. Web site: Slovenian leading retailer to open store in Belgrade . 2015-12-05 . https://web.archive.org/web/20151208150143/http://www.invest-in-serbia.com/archive/2002_12/2002_12_04_1.htm . 2015-12-08 . dead .
  6. Web site: Serbia's Mercator-S to Invest 12 MLN Euro in Belgrade Shopping Center Overhaul - SeeNews the corporate wire . 2015-12-05 . 2015-12-08 . https://web.archive.org/web/20151208095540/http://wire.seenews.com/news/serbias-mercator-s-to-invest-12-mln-euro-in-belgrade-shopping-center-overhaul-211890 . dead .
  7. Web site: Mercator buys 76 percent of Rodić.
  8. Web site: Croatia's Agrokor to Pay EU240 Million for Mercator Stake . Bloomberg.com . en . 14 June 2013.
  9. Web site: Agrokor to Buy Mercator in Largest Takeover in Balkans . Bloomberg.com . en . 26 June 2014.
  10. Web site: Mercator to run Agrokor's retail business in Serbia, Konzum gets Croatia, Bosnia - SeeNews the corporate wire . 2015-12-05 . 2015-12-08 . https://web.archive.org/web/20151208161044/http://wire.seenews.com/news/mercator-to-run-agrokors-retail-business-in-serbia-konzum-gets-croatia-bosnia-436692 . dead .
  11. Web site: Agrokor allowed to take over Mercator if it sells 21 stores in Serbia.
  12. News: Srbin kupio TC "Merkator" za 46 miliona evra. 7 March 2018. novosti.rs. 19 December 2017. Serbian.
  13. Web site: Mercator Group Annual Report 2018. mercatorgroup.si. 29 September 2019.
  14. News: Merkator prodaje 13 tržnih centara u eks-Ju zemljama . 9 August 2019 . b92.net . Tanjug . 9 August 2019 . Serbian.