ZAGREB, Oct 2 (Reuters) – Croatian aliment accumulation Fortenova Grupa, aforetime accepted as Agrokor, said on Wednesday it had put four units, including two tourism agencies, up for auction as it starts to bankrupt non-core assets.
The added companies are a architecture close and a soybean accumulator and processing company.
“We action for auction two above day-tripper agencies in southeastern Europe, Atlas and Kompas. They ascendancy 20% of the markets in Croatia and Slovenia and added than 15% in Montenegro. Accumulated they serve some 1.2 actor travellers a year,” Fortenova said in a statement.
Their accumulated assets aftermost year amounted to 219 actor euros ($239 million), it added.
Fortenova is additionally gluttonous buyers for architecture close Projektgradnja, based in the eastern burghal of Slavonski Brod, and soybean aggregation Sojara, amid in the Adriatic burghal of Zadar.
“At this date we accept affianced appropriate admiral for advancing and arch the auction of those companies,” Fortenova said.
Agrokor, the better abreast endemic Balkan close by sales, was put into accompaniment administering in April 2017 and rescued afterwards a adjustment accord amid creditors a year ago. The new owners afflicted the company’s name to Fortenova aftermost April.
Agrokor’s amplification drive fuelled by aerial and big-ticket debt took it to the border of bankruptcy.
After the adjustment deal, Russian banks Sberbank and VTB became Agrokor’s better shareholders, accordingly owning about 46%. ($1 = 0.9161 euros) (Reporting by Igor Ilic; Editing by Susan Fenton)
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