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Agrokor trusts today voted for a settlement supported by creditors with 80.2% of total claims
Photo: BETAPHOTO / HINA / Edward SUSAK / MO [19659004] Support was needed to complete the settlement At least 67%
Creditors voted with HRK 27.08 billion in claims for a total of HRK 33.75 billion
The hearing was held at the Dražen Petrović basketball hall in Zagreb, and to the largest audience in history all creditors are invited. They opened accounts with 3,069 with which they could vote
At the hearing, there was no discussion, only a vote on the proposal of the extraordinary administration and the provisional creditors. Due to a large number of creditors, he voted via a mobile application on smartphones.
On June 19, the Provisional Council agreed to the Special Trustee on the final text of the settlement in Agrokor and sent it to the Commercial Court.
The proposed settlement contains 7,300 pages accompanied by attachments
Agrokor's outgoing commissioner for agrarian, Fabris Perusko, said that creditors having a high overall share of claims up to the end of the fiscal year, are likely 85% favor a voted regulation
. The largest co-owner of Agrokor would be the Russian Sberbank with 39.2%. With Russian bank VTB, it would have a 46.7% stake.
It is also stated that two Russian banks can not have more than 50% in the future Agrokor because of the sanctions imposed on Russian companies by the United States, the EU and the United Kingdom.
The Commercial Court must confirm the settlement by July 10 and the implementation process could take several months. reverse the economies of several Western Balkan countries.
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