Agrokor's Mercator in Serbia without electricity after multimillion debts (Update)Staff Writer | February 24, 2017
Electricity in more than 20 retail stores of Croatian retail giant Agrokor's Mercator in Podunavlje and Branicevo, Serbia, will be switched off thanks to multimillion debts.
Retail in Europe Coka company can not wait anymore
Boban Rajic said that. He is the CEO of Coka company which donated the space and workers to Mercator.
In the seven largest retail stores Mercator in Smederevo electricity is switched off yesterday and today will be turned off and in the facilities on the territory of the city and the department store in Velika Plana, Rajic said at a press conference.
Family company Coka from Smederevo had a contract with Mercator S on lease to 15 years in more than 20 facilities of about 15,000 square meters in the area of the Danube and Braničevo region.
"Mercator of December does not pay electricity and rent, and thus calls into question the survival not only of company Coka but for many other companies in Serbia," said Rajic.
He told today expressed doubts, he said, in "fraudulent action" of the former Slovenian company, now in the hands of Croatian Agrokor.
Mercator in 2010 with Smederevo company Coka signed a contract worth 30 million euros to 15 years to do business in Coke facilities in the territory of the Danube and Braničevo region, with the takeover of workers and equipment.
"The information about Agrokor's Mercator stores in Serbia being without electricity is not correct, they are operating under regular conditions," Mercator Serbia told POST Online Media. ■