Slovenia's Merkur avoids bankruptcy

Slovenian retailer Merkur is not going bankrupt as all banks have agreed to reschedule its debts, thus making it possible to preserve the healthy core of the company in the future.

Shortly before the expiration of the deadline, Banka Koper has given its consent for the rescheduling of Merkur's debt because it did not want to take any risks of pushing once powerful company to bankruptcy, the media in Slovenia announced Friday (21 March 2014).

The plan is to allow Merkur to keep its "healthy core" with about 1,800 employees after the reorganization.

Before Banka Koper, all other banks agreed to a two-year moratorium on the repayment of principal on the loans taken out by Merkur, as well as to an extension of the deadline for the payment of principal to 12 years.

Merkur Group Naklo

Merkur International d.o.o. Beograd

bankruptcy

Banka Koper

Merkura bankruptcy

reorganization of Merkur