A new step for Agrokor is looming.
Earlier this year, Croatia’s economy was rocked like never before by the potential threat of economic collapse after Agrokor, the country’s strongest economic player and largest privately owned company came into hot water at the hands of its own management and former majority owner, Ivica Todorić.
In spite of the political showdown and the messy divorce between the former HDZ-MOST coalition, Lex Agrokor was passed at the right time and despite the controversies surrounding it, the law managed to prevent much of the potential devastating magnitude of the Agrokor earthquake from affecting the economy. That isn’t to say, however, that things passed smoothly.
After what seems like an eternity of waiting, insecurity and general misery, it seems that Agrokor’s government appointed extraordinary management team, headed by Ante Ramljak, is ready to present the ailing company’s draft structure settlement today.
As Poslovni Dnevnik writes on the 20th of December, 2017, the draft presentation itself, which will be presented by Agrokor’s extraordinary commissioner (and Ivica Todorić’s favourite subjectć’s favourite subject), Ante Ramljak, and Agrokor’s main restructuring advisor, Alastair Beveridge, will be preceded by a meeting of Agrokor’s Provisional Trust Council.
Otherwise, Agrokor’s suppliers established the association last week in an attempt to protect their interests and requirements more strongly. The founders of the association are the Adris Group, Alca, Atlantic, Awt, Badel, Croatia Osiguranje (Insurance), Franck, Granolio, Kraš, Mlinar, Podravka, Saponia, TDR, Vindija and Žito.
Podravka’s Chairman of the Management Board, Marin Pucar, was elected to be the head of the association, more precisely the management board, which currently has nine members. It is expected that eventually the association will be ”home” to up to one thousand members consisting of those striving to properly protect their interests in the wake of the Agrokor crisis.
