Grocery retailer Mercator has signed a contract with Bosnia and Herzegovina-based Drvopromet to take over its trade business, securing 63 Drvopromet stores in a long-term lease. The agreement, which is based on strategic ties and is awaiting a green light from Bosnia and Herzegovina’s competition protection office, makes Mercator the leaseholder of 258,340 sq ft of business premises across the country. The contract includes the purchase of all stocks and equipment, employing Drvopromet’s workers and co-operation in commercial and wholesale fields.

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