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.
Extraordinary Commissioner for Agrokor Ante Ramljak submitted his irrevocable resignation
21. Feb 2018.
The Extraordinary Commissioner for Agrokor Ante Ramljak submitted his irrevocable resignation to the Prime Minister of Republic of Croatia yesterday.
Ramljak explained the reason for submitting the resignation with the following words: “Together with my associates and the employees of Agrokor I have stabilized the business activities, we have preserved jobs, prevented the suppliers from ruin and created the preconditions so that the creditors can and should negotiate the finalization of the settlement. Unfortunately, the uncertainty that was created regarding my position as Extraordinary Commissioner works strongly against this process. I submit my irrevocable resignation as Extraordinary Commissioner so that I would not personally become an obstacle for reaching the settlement. I thank Agrokor’s creditors and employees, the only relevant parties and the reason why the Extraordinary Administration procedure exists, for their trust and support.”