Thursday, 6 December 2018

Agrokor: Will Russia's Sberbank Sell Share? It Depends...

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.

Thursday, 30 August 2018

Equipment from Croatia Helps Upkeep of Russian Nuclear Plants

The Croatian company deals with liquid flow control technology and the designing and manufacturing of electro-hydraulic equipment.

Sunday, 22 July 2018

More Tourists Choose Croatia After World Cup Success

Croatia's Vatreni did much more for the country than just bring a silver home.

Thursday, 5 July 2018

Agrokor's Future Boss, Sberbank's Maxim Poletaev Reveals Priorities

What does the future hold for a foreign owned Agrokor?

Saturday, 9 June 2018

Russian Ambassador to American Colleague: ''Nobody's Stopping Your Banks From Saving Agrokor!''

Fighting on Agrokor's ever-blurry sidelines continues...

Wednesday, 6 June 2018

Sberbank's Maxim Poletaev: Sberbank Will Own 40% of Agrokor

Agrokor's biggest lender makes sure to keep a tight grip.

Saturday, 7 April 2018

Are Russians Set To Get 44% Of Agrokor?

The endless back and forth in Agrokor continues.

Sunday, 1 April 2018

Descendant of Famous Russian Family to Put Istrian Castle on Wine and Tourism Map

One Russian who has fallen in love with Istria and all things wine is set to place one old castle very firmly on Istria's wine and tourism map.

Monday, 30 October 2017

Days of Russian Culture: Dubrovnik Art Forum 2017 Begins!

Dubrovnik Art Forum begins today!

Thursday, 19 October 2017

Sberbank Warns Croatian Government: ''You're Seriously Jeopardising Creditor's Rights''

Sberbank sends a firm warning to the Government of Croatia.

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