Business News

Mercator Acquires En Plus, Moves into Oil Retailing

Ljubljana, 24 June (STA) - Grocer Mercator announced on Friday it was expanding its operations into oil retailing, having acquired a full stake in En Plus, the company currently running 18 self-service petrol stations around Slovenia.

According to Mercator, the strategic alliance agreed on with En Plus on Friday means a continuation of the development of supplementary commercial service and is in line with Mercator's mid-term plans.

"Trends in the world show that consumer goods retailers are expanding their trade marks into additional service areas, such as financial and insurance services, legal services, mobile services, energy, telecommunication, tourism and similar," Mercator wrote in a press release.

Slovenia's leading retailer announced the possibility of expanding the existing network of petrol stations - known so far under the brand 24/7 - to locations of Mercator's major shopping centres in Slovenia, Croatia and Serbia.

The move comes as a majority stake Mercator is scheduled to be put up for sale. A consortium of banks and beverage group Pivovarna Lasko signed on 8 June a contract on a joint sale of their combined stake in the retailer.

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