ZAGREB, March 16, 2018 – Economy Minister Martina Dalić said on Thursday that she believed that creditors and other stakeholders involved in the emergency administration process in the ailing Agrokor food and retail conglomerate, would reach an agreement and settlement.
“I believe and expect that all participants in the process, starting from objective circumstances that show that Agrokor’s total debt is significantly higher than its assets and having in mind their position in the entire process, will manage to come to a rational agreement and ensure a settlement,” Dalić said on Thursday.
Asked if everything was going according to plan and what her expectations of the emergency administration were, Dalić said that talks were under way with all creditors so that a settlement could be reached within the statutory deadline.
The emergency administration is focused on an agreement on the terms of the settlement, Dalić said.
She confirmed that last week’s meetings with creditors were encouraging and that the emergency administration was now faced with the next round of direct talks.
Asked if the Constitutional Court could complicate the process given that it had announced that it would give its opinion on the Agrokor law before the settlement date of July 10, Dalić said that the court would decide on the complaints lodged with it autonomously and within the time frame it itself had set.
“Let’s wait for its opinion and decision in those procedures,” she said.
