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Hearing on the debt settlement of the largest private company in the Balkans – the Croatian food distributor Agrokor – kicked off Wednesday at 8 am at the Zagreb basketball stadium. They were called by 3069 creditors of the company – all who made claims.
About a quarter of the company's debt falls on Russian public banks. Sberbank Agrokor owes about 1.1 billion euros, VTB about 300 million euros
The owners of 80% of the debt voted for the agreement that will transfer the company to creditors and bondholders – from 33.8 billion Croatian kuna (about $ 4, 6 billion euros – Vedomosti), including Sberbank, Reuters reports
Sberbank will become the largest owner of the Company with a 39% share as a result of the restructuring, VTB will have about 7%.
"For," the response of the bank to the request of Vedomosti says: "As a result of this plan, VTB's share in the composition of Agrokor about 7% .We are interested in the growth of the company's capitalization and the repayment of debts. "
Vedomosti waits for comments from Sberbank
Until recently, Agrokor was the largest private company of Croatia At the beginning of the year 2016, 60 000 people were working there, the turnover of the group rose in 2015 to 6.6 billion euros and the net result to 175 million euros.But the group's report is not reliable, it has nothing to pay with banks and suppliers.
Croatia has pbaded a special law to support the company: its collapse would lead to a recession in the country
The July match will take place quarterfinals of the C 2018 world football team Russia and Croatia's national football teams. The Croatian national team arrived in Sochi on Monday, the Russian team will arrive tomorrow, July 5.
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