Croatian brands

Transfer to Fortenova close as loan deal signed to restructure Mercator’s debt

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.

Mercator expected to become part of Fortenova by month’s end

Belgrade – Serbia’s competition protection authority has cleared the transfer of Slovenian retailer Mercator to Croatian group Fortenova, thus clearing yet another hurdle for the step that follows the bankruptcy of Fortenova’s predecessor Agrokor. Fortenova expects the transfer to be completed at the end of the month.

Chinese Visit Raises Croatian Shipyards’ Hopes of Survival

Chinese PM Li Keqiang with Croatian PM Andrej Plenkovic during the 16+1 Initiative Summit. Photo: EPA-EFE/STR

Darko Horvat, the Croatian Economy, Entrepreneurship and Crafts Minister, said on Thursday that a delegation from "the world's largest shipbuilding industry" will visit the Uljanik and Treci Maj shipyards in Pula and Rijeka.

Croatia's Agrokor Ex-Boss to Be Freed on €1 Million Bail

Zagreb County Court spokesperson Kresimir Devcic said on Tuesday that the court has decided that former Agrokor owner Ivica Todoric can be given a conditional release from pre-trial custody after the investigating judge received confirmation that one million euros in bail has been paid.

Croatian Court Sets Million Euro Bail For Todoric

Zagreb County Court spokesman Kresimir Devcic said the court had decided that former Agrokor boss Ivica Todoric can avoid pre-trial jail by paying a hefty bail sum.

"The judges have altered the decision of the investigating judge regarding bail. They believe that, with appropriate precautions in place, bail can serve the same purpose as investigative detention," Devcic said.

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