“Negotiations with 7 Eleven started in fall last year and they are set for completion in March 2012. There are talks on a EUR60 million capital inflow at Mic.ro,” the sources said.
7-Eleven is the world’s largest grocery store chain, with over 43,500 units in 16 countries, including 8,900 units in North America.
Mic.ro has debts to a series of suppliers, which halted deliveries and are now making moves to recover their money.
The representatives of Mic.ro owner Mercadia Holland could not be reached by press time.
Aside from the debts owed to suppliers and lot owners, the mic.ro and miniMax store chains took loans from several banks, cumulating EUR45 million.