The process of reaching a settlement under the extraordinary administration procedure of Agrokor is one of the most complex in Croatia and in Europe due to the complexities of Agrokor as a business and the total amount of the debt as well as the large number of creditors, 5.700 of them. This section contains all the news on the process of reaching of a settlement for all the key stakeholders, as well as the latest details and developments.
22nd meeting of the Temporary Creditor’s Council
13. Sep 2018.
22nd meeting of the Temporary Creditor’s Council of Agrokor d.d. was held today and was attended by all its members, Marica Vidaković as representative of the “large suppliers” creditor group, representative of the “small suppliers” creditor group, representatives of Knighthead Capital Management, LLC as representatives of the “bond holders” creditor group, representatives of Sberbank as representatives of the “unsecured creditors” creditor group and representatives of Zagrebačka banka d.d. as representatives of the “secured creditors” creditor group.
In line with the schedule of the meeting, Extraordinary administration informed the members of the Council of 92 complaints appeals lodged against the Ruling confirming the Settlement Plan and Agrokor’s response to these appeals that was submitted to Zagreb Commercial Court. Members have also been informed about the preparations for the implementation of the Settlement that are underway and of the business results of the Group with a special emphasis on retail and wholesale.