April 10 (SeeNews) - Several Croatian companies, part of indebted concern Agrokor, reported on Monday that their bank accounts have been unblocked after new legislation on emergency receivership in systemically important companies entered into force.
Food company Belje [ZSE:BLJE-R-A], water bottling company Jamnica [ZSE:JMNC-R-A], ice cream and frozen food producer Ledo [ZSE:LEDO-R-A], meat processor PIK-Vinkovci [ZSE:PIVK-R-A], edible oil, mayonnaise and margarine maker Zvijezda [ZSE:ZVZD-R-A] and agricultural conglomerate Vupik [ZSE:VPIK-R-A] announced, in separate bourse filings, that their bank accounts have been unfrozen.
Agorkor's units saw their accounts frozen late in March due to outstanding financial obligations to suppliers.
After appointing economic expert Ante Ramljak as receiver at Agrokor earlier on Monday, prime minister Andrej Plenkovic met with suppliers of the concern promising them that their debts will be serviced as soon as new funds are injected into the company.
Plenkovic also met with Agrokor's largest creditors and announced a new 150 million euro ($158.7 million) loan to fund the concerns operational cash needs.
Ramljak will head the restructuring process in Agrokor under the new law adopted by the parliament on Thursday and activated a day later. The law, commonly known as 'Lex Agrokor', was drafted by Croatia's government in response to financial troubles that emerged recently at the country's biggest private concern.
($=0.9454 euro)