Sberbank Plans to Sell Fortenova in Two Years – Daily

Gref was speaking about that at an international economic forum in Saint Petersburg and his announcement that Sberbank will sell its share in Fortenova within two years has been carried by Bloomberg, citing the Russian news agency RIA.

Sberbank was the biggest creditor of Croatia’s now-defunct conglomerate Agrokor with €1.1 billion and now holds 44% in Fortenova Group, which was formed in April 2019 following a settlement reached by Agrokor’s creditors.

Fortenova’s consolidated revenue in 2020 totalled HRK 21 billion, while EBITDA was HRK 1.3 billion. It employs 50,000 people and is probably the biggest employer in the region.

Asked for a comment, Fortenova chairman of the board of directors Maksim Poletaev said on Friday that Gref’s announcement was a continuation of what Sberbank had been saying since Agrokor was restructured and Fortenova Group was formed.

As a financial investor, Sberbank plans to sell its stake when the company’s value grows, he added.

(€1 = HRK 7.5)

For more, follow our dedicated business section.

 

Subscribe to our newsletter

the fields marked with * are required

Email: *
First name:
Last name:
Gender:	Male Female
Country:
Birthday:	[DD] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [MM] 1 2 3 4 5 6 7 8 9 10 11 12 [YYYY] 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Please don't insert text in the box below!