The great society Agrokor saved from bankruptcy



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More than 50,000 employees of the large company, which operates among others in 19459003 in Slovenia and 19459003 in Hungary, breathe a sigh of relief: the creditors of the food and distribution group


Agrokor
confirmed a creditor settlement and thus prevented bankruptcy .

Almost no subject has dominated the headlines of the Croatian media landscape since the spring of 2017, as the collapse of one of the most powerful companies in Southeast Europe [[]] 19659004]. This week, Agrokors joins approximately 3,000 creditors


Comparison of creditors
confirmed. As a result, the Croatian food and business giant gets new owners. The main shareholder is the Russian Sberbank with a 39.2% share, the Russian bank VTB holds a 7.5% share. 25% of the company receives US funds, including Knighthead about 12%. Austrian banks hold 15.3%, suppliers of Agrokor 4.5%, reports the Hina news agency. On average, 60% of vendor requests must be covered, and 20% by financial institutions.

The settlement of the creditors was confirmed only a few days before the deadline. If this had resulted in an agreement, the big company would have


Bankruptcy
must go. The vote involved 450 representatives of the creditors, each representing several creditors. Due to the high number of creditors, the largest audience in Croatian history has taken place in front of a basketball court. The majority of the creditors, representing 80% of the claim, accepted the settlement. For approval, 67% were needed.

The largest shareholder of the Russian bank
"To be honest, this is not what we wanted," admits Maxim Poletaev head of Russia


Sberbank
in an interview with RTL Direct, at. "Our main task was to recover our loan after we had a 40% stake in Agrokor ." First, the bank wants to focus on the agreement with creditors and only after getting closer to the leadership, Interestingly, the Russian-US coalition between the two largest shareholders – Russian banks and funds US. "You know, money is an international affair, neither Russian nor American," says Poletaev . "The example of Agrokor is a good example of how Russian companies can cooperate and cooperate with American and Croatian companies."

Negotiations of great importance
Rescuing society, on which many jobs depend, was very important for the Croatian state. For this reason, the government also pbaded a special law that placed the group under state commissioners. The Constitutional Court justified the decision by seeking to ensure economic, social and financial stability. Fabris Perusko, the director of the state-appointed restructuring, was satisfied with the settlement of the creditors . "It's a beautiful day for the local and regional economy," Perusko told the newspaper Financial Times . badyst


Andrej Grubisic
claims Reuters that shareholders face a "major challenge". "Shareholders need to grow and make the company more profitable."

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More than 50,000 employees of the company, including Slovenia and Hungary is active, can breathe again: the creditors of the food group and detail


Agrokor
confirmed a creditor settlement and thus prevented bankruptcy .

Almost no subject has dominated the headlines of the Croatian media landscape since the spring of 2017, as the collapse of one of the most powerful companies in Southeast Europe [[]] 19659004]. This week, Agrokors joins approximately 3,000 creditors


Comparison of creditors
confirmed. As a result, the Croatian food and business giant gets new owners. The main shareholder is the Russian Sberbank with a 39.2% share, the Russian bank VTB holds a 7.5% share. 25% of the company receives US funds, including Knighthead about 12%. Austrian banks hold 15.3%, suppliers of Agrokor 4.5%, reports the Hina news agency. On average, 60% of vendor requests must be covered, and 20% by financial institutions.

The settlement of the creditors was confirmed only a few days before the deadline. If this had resulted in an agreement, the big company would have


Bankruptcy
must go. The vote involved 450 representatives of the creditors, each representing several creditors. Due to the high number of creditors, the largest audience in Croatian history has taken place in front of a basketball court. The majority of the creditors, representing 80% of the claim, accepted the settlement. For approval, 67% were needed.

The largest shareholder of the Russian bank
"To be honest, this is not what we wanted", gave [] Maxim Poletaev chief of Russia


Sberbank
in an interview with RTL Direct, at. "Our main task was to recover our loan after we had a 40% stake in Agrokor ." First, the bank wants to focus on the agreement with creditors and only after getting closer to the leadership, Interestingly, the Russian-US coalition between the two largest shareholders – Russian banks and funds US. "You know, money is an international affair, neither Russian nor American," says Poletaev . "The example of Agrokor is a good example of how Russian companies can cooperate and cooperate with American and Croatian companies."

Negotiations of great importance
The salvation of the company, on which depend very many jobs, was very important for the Croatian state. For this reason, the government also pbaded a special law that placed the group under state commissioners. The Constitutional Court justified the decision by seeking to ensure economic, social and financial stability. Fabris Perusko, the director of the state-appointed restructuring, was satisfied with the settlement of the creditors . "It's a beautiful day for the local and regional economy," Perusko told the newspaper Financial Times . badyst


Andrej Grubisic
claims Reuters that shareholders face a "major challenge". "Shareholders need to grow and make the company more profitable."

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