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Creditors Of Croatia's Agrokor Agree Debt Settlement Terms

Published on Apr 11 2018 8:15 AM in Retail tagged: Trending Posts / Croatia / Agrokor / Sberbank / Paywall / Debts

Creditors Of Croatia's Agrokor Agree Debt Settlement Terms

Creditors of indebted Croatian food group Agrokor have agreed draft settlement terms aimed at saving the company from bankruptcy, Prime Minister Andrej Plenkovic said on Tuesday.

The creditors, including foreign and local banks, bondholders and suppliers, will vote on the deal before July 10, the legal deadline for avoiding bankruptcy.

"I am happy to say that a settlement process has been completed," Plenkovic told reporters after meeting creditors. "We now have three months to finalise the text of the settlement."

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