Agrokor: Will Russia’s Sberbank Sell Share? It Depends…

Lauren Simmonds

Updated on:

You know that old British saying ”It ain’t over til the fat lady sings”? Well, you could easily apply that to the ongoing Agrokor saga. Yes, things have calmed down enormously, with the company having made a miraculous turnaround from pre-bankruptcy to regaining its strength and operating normally, but the story isn’t over yet.

Fabris Peruško, the current extraordinary commissioner leading Agrokor’s administration, stated recently that Agrokor is finally back on its feet, and not only that, but that it still has all the potential to remain one of the strongest and largest companies in this part of Europe.

While Agrokor is expected to return to totally normal business next year, under a different name and with Russia’s Sberbank as a majority owner, things still aren’t all steady, and this is one of them. 

As Poslovni Dnevnik writes on the 5th of December, 2018, Russia’s Sberbank, one of Agrokor’s largest shareholders, has already begun receiving bids for its huge share in the Agrokor Group.

Maxim Poletajev, advisor to the CEO of Sberbank, stated that Sberbank has already begun receiving bid for its share from various funds from the United States, Canada, and much closer to home in Europe, from the United Kingdom, according to a report from N1.

“Everything will depend on the price, we’re currently considering offers,” Poletajev stated very briefly. He also said that Russia’s Sberbank was currently in talks with various investors who could potentially take part in refinancing Agrokor’s debt.

Fabris Peruško should become the president of the board, Poletajev added.

As the Agrokor story continues to write its own pages and as its former owner, Ivica Todorić, pays a million euros in bail to leave prison and announce his entry into the Croatian political world, it’s more and more difficult to predict exactly what will happen next, but in any case, follow our dedicated business and politics pages to stay up to date.


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