Agrokor May Submit Mercator Bid Tomorrow, Finance Says

(Corrects to show unnamed people spoke about bid in first paragraph.)

Croatia’s Agrokor d.d. will probably submit its offer for a majority stake in Mercator Poslovni Sistem (MELR) d.d. as early as tomorrow, Finance newspaper reported, citing people from Agrokor it didn’t name.

Croatia’s largest privately held company has already secured about 700 million euros ($951 million) in a syndicated loan from a group of European banks, including Deutsche Bank AG (DBK), Societe Generale SA, UniCredit SpA (UCG), Intesa Sanpaolo SpA, Erste Group Bank AG (EBS), Raiffesisen Bank International AG and UBS AG, the Ljubljana-based newspaper said.

Slovenian banks and other Mercator investors last month appointed ING Bank NV to advise on the sale of just more than 50 percent of Mercator with the process likely to be completed by the end of the year.

To contact the reporter on this story: Boris Cerni in Ljubljana, Slovenia, at bcerni@bloomberg.net

To contact the editor responsible for this story: James Gomez at jagomez@bloomberg.net