Slovenia’s largest food retailer Mercator refinanced a debt of its Serbian unit Mercator-S to the value of 90 million euros ($99.8 million) with Serbian bank AIK, Mercator said on Wednesday, Reuters reported. It did not give details of the deal but said the conditions of the refinancing were “much more favourable” than those of the previous syndicated loan which was taken in 2014 and would expire in March. It added the refinancing will improve liqudity of the Serbian unit over the next five years and enable further development of Mercator in Serbia.
Serbia's Bankruptcy Supervision Agency said it is selling assets of insolvent wheat and animal feed wholesaler Mlinostep. The auction will take place on May 24 at a starting price of 170.9 million dinars ($1.6 million/1.4 million euro), the Bankruptcy Supervision Agency said in a statement on Monday. The list of assets put up for sale includes warehouses, silos and land in Stepanovicevo, in northern Serbia. A deposit of 68 million dinars is required to participate in the auction. Mlinostep was declared bankrupt in November 2016.