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Croatia's Deputy PM Dalic Resigns Over Agrokor

Published on May 15 2018 7:58 AM in Retail tagged: Croatia / Agrokor / Dalic

Croatia's Deputy PM Dalic Resigns Over Agrokor

Croatia's Deputy Prime Minister Martina Dalic resigned on Monday over conflict of interest allegations linked to the restructuring of Croatia's largest private firm Agrokor, which has been hit by a debt crisis.

"I talked to Dalic and accepted her resignation," Prime Minister Andrej Plenkovic told a news conference.

Last week, it was reported that Dalic, who is also economy minister, led efforts to save food producer and retailer Agrokor after it was put under state-run administration in April 2017, weighed down by debt accrued during an ambitious expansion drive.

Agrokor's creditors, which include foreign and local banks, agreed on debt settlement terms last month, which they must approve in a vote before July 10 to prevent the firm from going bankrupt.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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