Fortenova Puts on Sale 117 Non-Core Real Estate Properties

Total Croatia News

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ZAGREB, July 16, 2019 – The Zagreb-headquartered Fortenova Group has stated that it is going to sell 117 properties irrelevant for its core business: retail and food and agricultural production.

It says on its web site that it “has started to dispose of non-core real estate and to this end the company has opened a special website in Croatian and English language.”

The company explains that “offers for purchase of real estate shall be received in two stages. In stage one, lasting from 15 July to 16 September 2019, non-binding offers will be collected, while the process of receiving binding offers will last from 30 September to 30 October 2019.”

The properties listed on the website and intended for sale are divided into categories: residential, commercial, land and other real estate.

The group provides detailed descriptions and condition and terms of sale for each property concerned, along with the starting price and instructions regarding the way of submitting offers for the property in question.

Fortenova was established on 1 April 2019, following the successful implementation of the Settlement Plan achieved between Agrokor’s creditors.

“The creditors’ Settlement is a financial and ownership restructuring plan achieved during the Extraordinary Administration Procedure conducted at Agrokor pursuant to the Act on Extraordinary Administration Proceedings in Companies of Systemic Importance for the Republic of Croatia,” the company recalls.

More news about Fortenova can be found in the Business section.


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