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LJUBLJANA (Slovenia), February 6 (SeeNews) - Croatia's largest car parts retailer Tokic has agreed to take over its Slovenian peer Bartog, Slovenian media reported.
The transaction is pending approval by the Slovenian competition authority AVK, news daily Delo reported earlier this week.
According to the media report, the merger would create one of the largest companies in this business in the region.
Tokic is a family-owned company established in 1990. It has more than 100 outlets across Croatia and in neighbouring Bosnia, employing over 400 people. The company's turnover totalled some 520 million kuna ($77 million/70 million euro) in 2017, according to the latest data available on its website.
Trebnje-based Bartog has been present for more than 25 years on the Slovenian market where it is among the leading retailers of tyres, rims, spare parts, accessories, motor oils and lubricants, operating 36 retail shops all over the country. It also provides all kinds of car servicing.
(1 euro = 7.45580 kuna)