Ledo

Zagreb – The Croatian group Fortenova and Slovenian retailer Mercator have signed a contract under which the latter will get a EUR 385 million loan to restructure its debt to creditor banks, in a move that further enables the transfer of the Slovenian retailer from the bankrupt former owner Agrokor to Fortenova.

Zagreb - Fortenova Group and Nomad Foods Limited sign a purchase agreement for the Frozen Foods Business Group, with a transaction value of 615 million.

A former executive from the ailing Croatian conglomerate Agrokor, Mislav Galic, was questioned at the state attorney's office in Zagreb on Tuesday and presented a document which allegedly shows how all the major financial decisions were made by company's owner and founder Ivica Todoric.

The revised financial report for the troubled Croatian retail, food and agriculture giant Agrokor, issued on Thursday, showed that the former management, led by company's owner and founder Ivica Todoric, did not show the company's full losses in its financial accounts.

Austria's Erste Bank on Friday announced that Croatia's biggest private company Agrokor - currently embroiled in a deep financial crisis - and its creditors had reached a deal on a "standstill agreement" whereby the company will remain financially liquid while its debts are placed on "standby".