BDK Advokati has advised Fortenova and Mercator-CG on their acquisition of the Franca retail business in Montenegro from the Franca family. Komnenic & Associates advised the sellers.
The Fortenova Group is a food producer and retailer based in Zagreb. In April 2021, Mercator had become an integral part of the retail network of the Fortenova Group, which now owns 88.1% of Mercator. The move created one of the largest regional retail networks, with more than 50,000 employees, a significant employer in the region.
According to BDK Advokati, “the Franca retail chain consists of 67 retail outlets with over 900 employees across Montenegro. Through this acquisition, the Fortenova Group is strengthening its retail business on the markets in South-East Europe.”
The BDK Advokati team included Senior Partner Luka Popovic, Counsel Bisera Andrijasevic, Associate Sanja Dedovic, and Junior Associate Marija Ksenija Popovic.
Komnenic & Associates’ team included Managing Partner Milos Komnenic and Partner Nemanja Radovic.
