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Croatian car parts trader Tokic gets nod to acquire Slovenian peer Bartog

Friday, 22/05/2020

LJUBLJANA (Slovenia), June 22  - The Slovenian competition authority AVK said it has approved the acquisition of Slovenian car parts retailer Bartog by its bigger Croatian peer Tokic.

The concentration is line with competition rules, AVK said in a statement on Friday, without providing any financial details.

According to earlier reports of Slovenian media, the merger will create one of the largest companies in this business in the region, since Tokic is the biggest car parts trader in Croatia.

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.

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. (Source: www.seenews.com)


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Croatian car parts trader Tokic gets nod to acquire Slovenian peer Bartog

LJUBLJANA (Slovenia), June 22  - The Slovenian competition authority AVK said it has approved the acquisition of Slovenian car parts retailer Bartog by its bigger Croatian peer Tokic.

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