corporate finance

ALTA Group Acquires Serbia’s IDEA, Roda and Mercator Retail Networks Amid Financial Pressures

ALTA Group has completed its acquisition of the IDEA, Roda and Mercator retail networks from Croatia’s Fortenova Group, adding one of Serbia’s largest consumer businesses to its portfolio as the supermarket sector faces declining revenues, rising losses and financial restructuring pressures. The transaction brings more than 335 stores across over 80 Serbian cities and municipalities under ALTA Retail, significantly expanding the group beyond its established financial services operations. The acquired business, IDEA Marketi, generated approximately €780 million in operating revenue…