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Creditors Of Croatia's Agrokor Approve Settlement Plan

Published on Jul 6 2018 7:58 AM in Retail tagged: Featured Post / Croatia / Agrokor / Paywall

Creditors Of Croatia's Agrokor Approve Settlement Plan

Creditors of Croatian retail and food conglomerate Agrokor, which together hold 80.20% of total claims, have voted in favour of a Settlement Plan between the debtors and all creditors.

In a statement, Fabris Peruško, extraordinary commissioner for Agrokor, said that the vote brings the Extraordinary Administration procedure near to completion.

During a six-month negotiation process, the Extraordinary Administration sought to reconcile creditors’ interests, which were often diametrically opposed, to enable them to achieve an agreement which would be acceptable to everyone.

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