Home / Banks / Russian point out-owned financial institutions will obtain just about fifty percent of the major retailer in Croatia

Russian point out-owned financial institutions will obtain just about fifty percent of the major retailer in Croatia

Российские госбанки получат почти половину крупнейшего ритейлера Хорватии

The financial debt of the Croatian grocery retailer settled on the eve of the quarterfinals of the Russia – Croatia.

Hearings on the settlement of financial debt is the major personal business in the Balkans – Croatian retailer Agrokor commenced Wednesday early morning at the basketball stadium in Zagreb. They known as 3069 of the firm’s lenders, who confirmed her demands, but have not acquired a refund.

About a quarter of the financial debt owed by the Russian point out-owned financial institutions. The Sberbank, Agrokor is about one.one billion euros, VTB – about 300 million euros, produce “Vedomosti”.

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The offer, which will give the business in the palms of lenders and holders of bonds, voted by the holders of 80% financial debt – at 33.eight billion kunas (four.six billion euros), such as Sberbank.

Sberbank as a final result of restructuring will be the major operator of the business with a share of 39%, VTB will be about seven%.

A lot more lately, Agrokor was the major personal business in Croatia. At the starting of 2016, labored on it 60 000, the group’s earnings in 2015 amounted to six.six billion euros, web gain of 175 million euros. But it turned out that the team accounts are unreliable, to fork out off the financial institutions and suppliers it has absolutely nothing. Croatia handed a distinctive regulation to guidance the business – its collapse would have prompted a economic downturn in the place.

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