Agreement on Agrokor reached – Russian banks to get more than 46% of ownership
– It’s true, an agreement was reached late last night, that is, all the key elements were negotiated – Vidakovic said and added that the lawyers should finish the formalities by June 8, following which the agreement should be put before the Commercial Court.
According to Vidakovic, among other things, the agreement entails the payment of EUR 80 million of all the liabilities incurred before April 10, 2017, the start of the implementation of Lex Agrokor, and due after that date. Also, the suppliers stand to be paid a total of EUR 10 million these days, in line with the agreement.
An agreement was also reached with banks on the write-off of 65% of the claims.
Vidakovic also said that Sberbank had given up on a new roll-up, but that an exchange of the Mercator shares it owns for an ownership share in the new company, to be formed after the said agreement, had been enabled for it.
As she said, on May 31, Agram Invest also became party to the agreement.
As Vecernji List reports, the agreement also entails the distribution of ownership shares in the new Agrokor, whereby the two Russian banks, Sberbank and VTB Bank, will get slightly over 46%, bondholders 25%, local suppliers up to 8% and local banks at least 10%.
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