Sberbank to own 39.2% of Agrokor – Creditors unanimously support agreement

The biggest co-owner of the new Agrokor will be Sberbank, with a 39.2% stake, bondholders will have 25%, VTB Bank will own 7.5% and 2.3% will belong to Zagrebacka Banka, the extraordinary trustee for Agrokor, Fabris Perusko, said on Tuesday, June 19, 2018.

He said that there were four Croatian companies among the non-bank co-owners – Adris, with a 1.4% stake, Franck with 1.3% and Saponija and Sokol Maric with 0.6% each, Seebiz reports.

– We have an agreement with Sberbank on a repayment model which depends on the future performances of the group and it will be realized, considering the total profitability of Agrokor. The option for them to turn their Mercator stake into a co-ownership in Agrokor has also been agreed – Perusko pointed out.

The trustee added that the big conflicts had ended through a successful harmonization of various creditors and their interests.

The temporary creditors' council unanimously voted in favor of the Agrokor agreement earlier that day and authorized the government's trustee to hand over the agreement to the court. In order for the agreement to start being implemented, it needs to be affirmed by the Commercial Court, Croatian media reported.

Persuko's deputy, Irena Veber, told the press that the contents of the agreement were complex, that it had 7,300 pages and that it was a result of six months' worth of efforts and round-the-clock preparation in the final few weeks.

Fortenova grupa d.d.

SBERBANK Rusija

VTB Capital Rusija

Zagrebačka banka d.d. Zagreb

ADRIS Grupa d.d. Rovinj

Franck d.d. prehrambena industrija Zagreb

Saponia d.d. Osijek

Sokol Maric

Fabris Perusko

Irena Veber

Agrokor temporary creditors council

Association of Suppliers of Agrokor

Agrokor agreement

crisis at Agrokor

ownership in Agrokor