Croatian privately-held concern Agrokor has agreed with the creditor banks of Slovenian retailer Mercator that in case of acquisition it will recapitalise Mercator by EUR 200mn , Croatian state-owned broadcaster HRT informed, quoting an unofficial report of Slovenian TV station A-Kanal. Under the alleged agreement, half of the amount ( EUR 100mn ) will immediately go to banks in order to reduce Mercator's debt, while the other half will go to pay the outstanding liabilities to suppliers, the report said. Agrokor is offering to pay between EUR 90 and EUR 105 per each Mercator share, which is much higher than the stock's current market price on the Ljubljana Stock Exchange . Mercator's share rose 4.31% to EUR 73 on Jan 28 . Earlier in January, the Croatian company denied media reports that it cut its bid for the 53.12% stake in Mercator to EUR 80 per share from the previously offered EUR 120 per share, and in return offered to increase the capital of the Slovenian company by EUR 225mn . Agrokor signed the deal to buy the majority stake in Mercator in June 2013 when it offered to pay EUR 120 per share, or a total of EUR 240mn for the stake.
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