Izvor: N1 televizija, 04.Jul.2018, 17:19 (ažurirano 02.Apr.2020.)
Creditors adopt Agrokor debt settlement plan
Creditors of the Croatian Agrokor company voted to adopt a debt-for-equity settlement plan at Wednesday's hearing at the Zagreb Commercial Court.
The debt-for-equity settlement deal, reached on June 19 between the company's bankruptcy managers and creditors, details the ownership structure of the new Agrokor.
Creditors with claims totalling 33.7 billion kuna (4.5 billion Euros) had the right to vote at the court hearing with 66.7 percent of their votes needed to adopt >> Pročitaj celu vest na sajtu N1 televizija << the deal.
A mobile phone app, developed by one of Agrokor's companies, was used in the vote because of the large number of creditors.The creditors who hold 80.2 percent, or 27.08 billion kuna (3.6 billion Euros), of the debt voted to adopt the deal. Some 450 representatives of creditors whose claims total 31.86 billion kuna (4.3 billion Euros), were present at the hearing.
Zagreb Commercial Court judge Nevenka Siladi Rstic-said that the court could confirm the legality of the creditors’ settlement deal as soon as tomorrow. The plan needs to be approved by July 10 at the latest, when the state-appointed emergency administration's legally mandated term is set to expire.
Under the provisions of the settlement deal, the Russian Sberbank would be the largest single sharehold with 39.2 percent of shares, after the company’s restructuring. The VTB would own 7.5 percent of the Agrokor shares and the Zagrebacka Banka would own 2.3 percent, The implementation of the settlement deal is expected to last three to four months.
