As Poslovni Dnevnik writes on the 20th of December, 2018, Irena Weber, deputy of Fabris Peruško, the extraordinary commissioner for Agrokor, talked about what the company’s plans for next year are, and whether or not Agrokor could become competitive on the market once again.
Has Agrokor survived the crisis, what are the plans for next year, and can the company become competitive on the market once again?
Irena Weber, deputy chief of the extraordinary commissioner in Agrokor, told HRT:
“We came to a rather complex situation, there was no time for adaptation and we immediately went to work and started communicating with the most important stakeholders in order to start the negotiation process as soon as possible, and for it to be completed by the legal deadline – July the 10th,” Weber stated.
She pointed out that the results posted on a monthly basis show that all segments within Agrokor have good results. “This applies to the food sector, the agriculture sector, and to the retail sector. Each sector shows a strong recovery trend and we’re expecting even better results in 2019,” she said.
“Our focus until the end of the year is to set up the implementation plan in its entirety, and we have to carry out what our creditors have agreed and signed for, which means that it’s necessary to transfer entire assets from the old group to a mirror society, to form a new group and to ensure that all operational processes are happening, to have a new group with new financial reports and a new ownership structure. The plan is to prepare a process that is in full swing by the end of the year and we expect the whole process to be completed in March 2019,” the deputy extraordinary administrator said.
She added that all the suppliers were satisfied with how things are going as they had all now been paid.
“At present, the Agrokor Group has no outstanding and unpaid invoices, all have been paid in time in accordance with maturity dates, giving them [the suppliers] the freedom and ability to manage their financial statements,” Weber said.
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