Croatian alcoholic beverages company Badel 1862 has invited all potential strategic investors to express interest in implementing a financial and operational restructuring of the company.
Potential investors have until 23 May to submit their expressions of interest in the company, which is currently in the pre-bankruptcy settlement procedure.
The wine and spirits producer ended 2015 with a net profit of HRK 11.8 million (€1.57 million), after six years of losses. Last year it completed the Badel Restructuring Concept (BRC) according to all elements of the plan.
According to data from the company’s financial report for 2015, operating revenues amounted to HRK 314 million (€41.9 million), 10 per cent more than the year before, while sales revenue was up 5 per cent, to HRK 296.2 million (€39.5 million).
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
