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News

Thursday, 23.11.2023

Sale of Engrotuš to Fortenova's Mercator successfully completed

Ljubljana

KF Finance, acting as a financial advisor to the owners of the company, has successfully completed the sale of a 100% stake in Engrotuš d.o.o. to Fortenova's Slovenian retailer Mercator. The transaction included the retail and cash & carry business, while the drugstore business is already in the process of being spun off.


With the acquisition of Engrotuš, the Fortenova Group, which already acquired a retail chain in Montenegro earlier this year, aims to further strengthen its position in the Slovenian market. Subject to approval by the Slovenian competition authority, the combined companies will control around 40% of the Slovenian retail market.