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.
Agrokor Publishes New Monthly Report –Successful Operations and Profitability Increase Continue
12. Oct 2018.
Agrokor Monthly Report September 2018 ~ Operating profits of the Food sector amount to HRK 1.04bn. Total revenues in Retail reach HRK 8.97bn in the reporting period. Konzum continues to operate successfully with sales revenues in September exceeding last year’s in the same month by three per cent.~ Agrokor’s Extraordinary Administration published the monthly report for…
Settlement Settlement Details
IMPORTANT NOTICE TO AGROKOR’S IMPAIRED CREDITORS: Instructions to receive the New Instruments
28. Sep 2018.
We make reference to the Settlement Plan of Agrokor d.d. et al as confirmed by the Commercial Court of Zagreb on 6 July 2018. In order to receive the New Instruments in accordance with the Settlement Plan, all Impaired Creditors who are entitled to receive the New Instruments under the Settlement Plan must validly complete…
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…
Beginning of Preparations for Settlement Plan Implementation and Continued Positive Trends
11. Sep 2018.
Operating profits of the Agrokor Group for I-VII/18 exceed budget by HRK 20.7m, the driver of the increase being Konzum with EBITDA in August of more than HRK 330m Agrokor Monthly Report August 2018 Agrokor’s Extraordinary Administration published its monthly report for the period from 11 August to 10 September, 2018. The goal of the…
Settlement Settlement Details
Agrokor responded to complaints on the Settlement
05. Sep 2018.
Agrokor submitted on 4 September 2018 to the Commercial Court of Zagreb a response to appeals lodged against the order confirming the Settlement Plan of 6 July 2018. Following the principle of efficiency and in order to avoid unnecessary repetitions, Agrokor decided to respond to all 92 complaints with one submission which the Commercial Court…
Letters to Supervisory Boards of Jamnica and Mercator
24. Aug 2018.
Fabris Peruško is looking to raise the standard of corporate management in Agrokor Group and suggests management changes Fabris Peruško, Extraordinary Commissioner for Agrokor has sent letters today to the Supervisory Board of Jamnica d.d. and to members of the Supervisory Boards of Poslovni sistem Mercator d.d. in order to inform them of important facts…
Sixteenth Monthly Report of the Extraordinary Administration Published – Positive Operating Trends Continue
13. Aug 2018.
Agrokor Monthly Report July 2018 The sixteenth monthly report was published today, relating to the period from 11 July to 10 August, 2018. Over the first six months of 2018 the Agrokor Group generated operating profits of HRK 729.7m, thus having outperformed budget by HRK 44.2m or 6.4 per cent. The key features of the…
Notice of Recognition Hearing on Foreign Recognition Proceedings
13. Jul 2018.
Agrokor d.d. and eight of its affiliates (Agrokor Trgovina d.o.o.; Belje d.d.; Ledo d.d.; Jamnica d.d.; Konzum d.d.; PIK-Vinkovci d.d.; Vupik d.d.; Zvijezda d.d.) have filed a Chapter 15 petition with the United States Bankruptcy Court for the Southern District of New York seeking U.S. recognition of Agrokor’s Settlement Plan, which was recently approved by creditors and the…
Settlement Plan among Agrokor Creditors Concluded within Statutory Deadline, Agrokor Group Generates Profits 10.5 per cent Higher than Budgeted
11. Jul 2018.
Over the first six months Konzum has outperformed budgeted profits by HRK 55m Agrokor Monthly Report June 2018 The Agrokor Group published its 15th monthly report for the period between 11 June and 10 July, 2018. The report follows the development of the economic and financial situation within the Agrokor Group and outlines the realization…