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Croatia's Agrokor Wins Creditors' Support For Debt Settlement Deal

Published on Jun 1 2018 3:00 PM in Retail tagged: Trending Posts / Croatia / Agrokor / Creditors

Croatia's Agrokor Wins Creditors' Support For Debt Settlement Deal

Croatia's indebted food group Agrokor has secured the support of a majority of creditors for a debt settlement agreement by which all the firm's assets will be transferred to a new company owned by creditors, manager Fabris Perusko said.

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.

Last week, Agrokor's crisis management team said the company would be taken over by a new Dutch-based firm owned by creditors that will be called Aisle Dutch TopCo.

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