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 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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