Agrokor

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Agrokor to be renamed Fortenova as operations set to resume

1 Mar 2019

Croatian food group Agrokor is to be renamed and will re-start operations under new management, it has announced.

Russia's Sberbank 'approached by potential buyers' over Agrokor stake

5 Dec 2018

Sberbank, the Russian bank which is an investor in Agrokor, has revealed conversations linked to its stake in the Croatian food producer and retailer.

Croatian court approves Agrokor's debt-settlement plan

29 Oct 2018

Croatia's High Commercial Court has approved a long-awaited debt-settlement plan for financially embattled consumer goods conglomerate Agrokor.

Russian banks set for almost half of Agrokor

21 Jun 2018

Two Russian banks could hold almost 50% of the embattled Croatia-based food manufacturer and retailer Agrokor, the largest business in the Balkans set to come under the ownership of its creditors.

Agrokor confirms creditor approval for takeover

20 Jun 2018

Agrokor, the Croatia-based food manufacturer and retailer, has secured the backing of creditors for the sale of the embattled business.

Agrokor moves a step closer to debt deal, paving way to new company Aisle Dutch TopCo

1 Jun 2018

Indebted Croatian consumer goods conglomerate Agrokor said it has reached an agreement with creditors that will see it restructured into a new Dutch-based company.

Agrokor to be 'taken over by creditors under proposed debt-settlement plan'

29 May 2018

Croatian food giant Agrokor is reportedly to be taken over by a group of creditors under a proposed debt-settlement plan after the indebted firm went into state administration last year.

Judge orders Agrokor founder Ivica Todoric be extradited from UK

23 Apr 2018

Ivica Todoric, the founder of embattled Croatian food company Agrokor, is to be extradited from the UK to face charges in his home country over alleged fraud.

Agrokor founder Ivica Todoric to hear decision on extradition order in London today

23 Apr 2018

The founder of indebted Croatia-based food company Agrokor is to appear before London's Westminster Magistrates Court on Monday to hear his fate under an extradition order.

Croatia's Agrokor agrees draft settlement terms with creditors to avoid bankruptcy

11 Apr 2018

Creditors of Croatia-based Agrokor have agreed draft debt-settlement terms that provide a framework for the food group to avoid bankruptcy.

Agrokor 'will meet debt settlement terms deadline of 10 April'

7 Mar 2018

Embattled Croatian food business Agrokor expects to have debt settlement terms ready by 10 April 10, news agency Reuters is reporting.

Croatia appoints Fabris Perusko as Agrokor's crisis manager after predecessor quit

28 Feb 2018

Croatia's government has appointed Fabris Perusko to oversee the country's indebted food business Agrokor after the previous crisis manager resigned last week.

Problems mount at Croatia's Agrokor as crisis manager quits

22 Feb 2018

Embattled Croatian food group Agrokor faces more problems after it revealed the manager appointed by the government to secure a debt restructuring deal has quit.

Agrokor creditors open doors to debt settlement plan

9 Jan 2018

Creditors of Croatia's Agrokor, which was put into state administration last year, have lent their support to a draft plan for the settlement of the company's debt obligations.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Agrokor owner Ivica Todoric appears in London court on extradition order

7 Nov 2017

Ivica Todoric, the owner of financially embattled Croatian food company Agrokor, appeared before a London court today (7 November) following his detention under a European arrest warrant.

Agrokor outlines viability plan to sustain troubled company

31 Oct 2017

Croatia's Agrokor outlined a plan yesterday (30 October) to sustain the financially troubled food company, with focus to be directed at stabilising the business, improving operating profits, ensuring liquidity and regaining the market's trust. 

Arrest warrant reportedly issued for Agrokor owner Ivica Todoric

23 Oct 2017

State prosecutors in Croatia have reportedly issued an arrest warrant for Ivica Todoric, the founder and owner of food manufacturer and retailer Agrokor, which is under investigation for financial irregularities including the failure to disclose more than HRK3.9bn (US$611m) in liabilities in 2016.

Former Agrokor executives 'arrested following police raids'

16 Oct 2017

A number of former executives at financially-troubled Croatian food company Agrokor have been arrested following police raids, Croatia's state news agency HINA has reported.  

Agrokor faces arbitration proceedings from Russia's Sberbank

29 Aug 2017

Russia's Sberbank has initiated arbitration proceedings against embattled Croatian food company Agrokor and 11 of its guarantors over EUR450m (US$533m) in loans.

Croatian meat specialist ties up Polish distribution deal

12 Jul 2017

Croatian salami specialist PIK Vrbovec is targeting the Polish market in its latest export drive.

Agrokor secures loan to "sustain" business during restructure

9 Jun 2017

Embattled Croatian food manufacturer and retailer Agrokor has secured a loan of EUR480m (US$536m) to "sustain" business operations amid a restructuring of the group.

Ice cream maker Frikom in Serbia anti-trust probe

6 Jun 2017

Serbia's anti-trust watchdog has launched an investigation into local Agrokor-owned ice cream maker Frikom over the company's alleged "abuse of a dominant position on the ice cream distribution and sale markets".

Agrokor issues deadline call to creditors

26 May 2017

Creditors of embattled Croatian food manufacturer and retailer Agrokor have been urged to submit claims against the company "in the shortest possible period" and by a "final deadline" of 9 June at the latest.

Agrokor "plans business units sell-off"

15 May 2017

Units of embattled Croatian food manufacturer and retailer Agrokor are set to be broken up and some sold off within a year in a move aimed at paying down debts, according to the head of the team appointed to restructure the group.

Croatian regulator suspends trading in Agrokor companies

4 May 2017

The Croatian Financial Services Supervisory Agency (Hanfa) has temporarily halted trading of eight companies belonging to the country's embattled food manufacturer and retailer Agrokor.

Agrokor investigating "potential errors" in accounts

1 May 2017

The restructuring team appointed to run Croatia's indebted food manufacturer and retailer Agrokor has said it investigating "potential errors" in the group's accounts.

Agrokor set for cash injection, says restructuring chief

13 Apr 2017

Six banks have "expressed readiness" to pump new finance into Croatia's indebted food manufacturer and retailer Agrokor with an initial fresh loan of up to EUR150m (US$160m), the group's newly-appointed restructuring chief has announced.

Croatia nominates restructuring chief for Agrokor

10 Apr 2017

Croatia's government today (10 April) nominated Ante Ramljak to head the restructuring of the country's embattled food manufacturer and retailer Agrokor, after the group was placed in state ownership as part of moves to try to stabilise the business.

Croatian giant Agrokor hires restructuring advisors

5 Apr 2017

Agrokor, the embattled food manufacturer and retailer that is Croatia's largest company, has appointed Alvarez & Marsal to try to stabilise the business.

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