Agrokor d.d., Croatia’s largest company, reached final agreement to buy a majority of Slovenian rival Mercator Poslovni Sistem, in a deal worth 1.3 billion euros ($1.8 billion), the largest takeover in the Balkans.
Slovenian Prime Minister Alenka Bratusek was ousted as the head of the Positive Slovenia party, raising the probability of early elections amid rising anger over the cost of a bank-rescue plan and cuts to avoid a bailout.
Slovenian Prime Minister Alenka Bratusek will meet President Borut Pahor tomorrow, raising speculation she will step down after being ousted as party leader and increasing the risk bond yields will soar.
The Positive Slovenia party of Ljubljana Mayor Zoran Jankovic, which won a surprise electoral victory, needs to persuade potential coalition partners the two- month-old party can tackle rising debts and a faltering economy.
Slovenian Premier Alenka Bratusek resigned after 15 months in power to allow a snap vote, even after a bank cleanup she oversaw prompted Fitch Ratings to improve the nation’s outlook and helped the economy recover.