Agrokor completed the restructuring process.

Agrokor completed its groundbreaking two-year restructuring process. With the implementation of the creditor settlement, the new holding company Fortenova Group took over the operative parts of Agrokor, which are now controlled by the former creditors as new shareholders. The former parent company will be wound up together with the remaining subsidiaries in due course. With a debt volume of approximately €6bn ($6.7bn), Agrokor's restructuring was the largest in Europe in 2017/18. With a significant share of Croatia's gross domestic product, Agrokor and its subsidiaries employ more than 53k people in 20 countries. As a significant employer and food producer/supplier/retailer, Agrokor's resolution was of critical importance to the CEE economy. The Croatian government passed an emergency law to address the scale and complexity of the situation. The largest creditors of Agrokor include the Russian Sberbank and certain US funds, followed by the Russian VTB Bank and BNP Paribas. Russia’s Sberbank with loans worth €1.1bn ($1.3bn), became the company’s largest shareholder with a 39.2%. Bondholders own 25%, local Croatian banks 15.3% and Russia’s second largest bank VTB ended up with a 7.5% stake.