Croatian food producer and retailer Agrokor submitted a bid for Slovenia's largest food retailer Mercator in a tender that expired on Monday, a source close to the process told Reuters on Tuesday.
"I can confirm that Agrokor submitted the bid," the source said, giving no comment on the price offered," Reuters cited the sources as saying.
According to the local media, Agrokor offered 221 euros per Mercator share, which would value the whole company at 832 million euros.
Agrokor and ING bank from London, which is managing the sale of 50.03 percent of Mercator, gave no immediate comment.
Shares of Mercator closed 2.8 percent lower at 168.1 euros on Tuesday, while the blue-chip SBI index eased 1 percent.
