Offer for takeover of Slovenian "Merkur"



Consortium of five companies announced bid for takeover of “Merkur”, the largest Slovenian trader in technical goods, on November 2, 2007.
The consortium is made of "Merfin", Banka Koper, "Sava" and
"Interfin Naložbe" from Slovenia and company "Euro-Veneto" from
Zagreb, and it offers 405 EUR per stock of "Merkur".
The bid for takeover is on prior to December 1st at noon and it
concerns 282,152 stocks of that company, while remaining 78.50% of stocks are
already in the hands of the consortium. The threshold for success has not been
set yet.
That takeover is estimated in Slovenia as the largest managerial takeover, because company "Merfin" is the company founded by the management of "Merkur".
Merkur’s stocks are traded with on the Ljubljana Stock Exchange and the value of these stocks on Tuesday amounted to 397.26 EUR.