Croatia’s Agrokor secures loans from Sberbank
(Corrects figure in para 3 to 45 billion kuna instead of 45 million)
ZAGREB, March 17 (Reuters) Croatian food group Agrokor, which is under canada goose deals government pressure canada goose coats to clear up its debt problems, has secured a 300 million canada goose store euro ($323 million) loan from Russia Sberbank, one Canada Goose Outlet of its creditors, local media reported.
Agrokor is Croatia biggest private company and the prime minister Canada Goose Parka said on Wednesday Canada Goose sale that canada goose coats on sale his government would ensure that its debt problems canada goose outlet toronto factory did not destabilise the country economy and financial system.
The food producer and https://www.topcanadagoose.ca retailer canada goose had debt of 45 billion kuna ($6.5 billion) against capital of around 7.5 billion kuna, according to latest available data from last September. A major Canada Goose Jackets portion Canada Goose online of that debt will mature in early 2018.
the last Canada Goose Online two weeks Agrokor agreed with Sberbank loans worth 300 million euros, which is enough for paying its buy canada goose jacket obligations towards suppliers and the state, the Vecernji List daily reported.
Agrokor was not immediately available for comment.
Bond investors have become increasingly concerned this year about Agrokor financial position and the buy canada goose jacket cheap transparency of its accounts.
Analysts say the canadian goose jacket company expanded its business too aggressively and relied on risky borrowing. One option for Agrokor could be the sale of some of its profitable assets or a change in ownership structure, analysts say. The Zagreb canada goose clearance sale based company is currently controlled by local businessman Ivica Todoric.
It employs nearly 60,000 people across the Balkans and had an annual revenue of 50 canada goose outlet store locations billion canada goose replica kuna Canada Goose Coats On Sale in 2015. It is not cheap Canada Goose listed but its assets include ice canada goose black friday sale cream producer Ledo and mineral water producer Jamnica.
Sberbank is one of Agrokor major creditors.
Croatian Prime Minister Andrej Plenkovic on Wednesday urged Agrokor management to make and useful decisions as soon as possible.
Agrokor said on Wednesday that it was considering options for stabilising its business. According canada goose clearance to the media reports, the company canada goose black friday sale has hired a foreign consultancy to help. The yields on Agrokor foreign bonds, maturing in the next few years, have jumped to above 30 percent in recent weeks from 2018 canada goose outlet around 7 8 percent in early January. ($1 = 0.9289 euros) ($1 = 6.8790 kuna) (Reporting by Igor Ilic; Editing by Susan Fenton).