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Croatia's Agrokor Estimates Its Value For Creditors To Be €2.5bn

Published on Jun 8 2018 2:26 PM in Retail tagged: Featured Post / Croatia / Agrokor / Paywall

Croatia's Agrokor Estimates Its Value For Creditors To Be €2.5bn

Agrokor will be worth around 2.5 billion euros after a rescue deal that will see creditors take control of the indebted Croatian food and retail group, the company has estimated.

That is less than a third of the 58 billion kuna of debts racked up by the business.

Agrokor, the largest company in the Balkans with 60,000 staff, was put under state-run administration in April 2017, crippled by debts built up during an ambitious expansion drive.

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