国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Croatia's Agrokor bailout completed with name change

Source: Xinhua| 2019-03-01 06:03:13|Editor: yan
Video PlayerClose

ZAGREB, Feb. 28 (Xinhua) -- Fortenova Group is the new name of Croatia's troubled retail giant Agrokor, the company's interim creditors' council announced on Thursday.

The management of the company that is currently run by the state-appointed Emergency Administration will be transferred to the new management that will restart operation on April 1, when the implementation of the settlement agreement between Agrokor creditors will officially start.

Fabris Perusko who was appointed as "extraordinary" manager in February 2018, will remain the CEO of the new company, Fortenova Group.

Agrokor is the biggest private company in Croatia and the largest food producer and retailer in the Balkans. It was hit by a debt crisis in 2017. The Croatian government interfered with a special law that created a condition for the state to take over the management of the company.

In June 2018, Agrokor creditors approved a settlement plan that restructured the ownership of the company. Russian Sberbank is now the biggest shareholder with 39 percent of the company, bondholders own 25 percent, Croatian banks 15.3 percent, Russian VTB Bank 7.5 percent, while the rest is owned by the U.S. fund Knighthead, other creditors and suppliers.

Perusko said on Thursday that by the implementation of the settlement agreement, the rescue of the company that was on the brink of collapse was completed.

"When we took over extraordinary management exactly one year ago, many thought that the settlement would not be reached on time. Despite everything, we made it. More than 50,000 jobs have been saved and the company's business is improved," Perusko said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521378587011
主站蜘蛛池模板: 会泽县| 葫芦岛市| 罗江县| 普陀区| 交城县| 金门县| 宜良县| 古丈县| 阿巴嘎旗| 云林县| 文登市| 柯坪县| 龙岩市| 正宁县| 丽水市| 河池市| 长宁区| 海丰县| 久治县| 二连浩特市| 鄂州市| 灵台县| 彭阳县| 阿克陶县| 彭州市| 米林县| 壤塘县| 禄劝| 尉犁县| 麻江县| 惠州市| 桂东县| 诏安县| 延长县| 称多县| 冀州市| 赤水市| 凤翔县| 隆林| 安新县| 望都县|