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Croatia's Agrokor receiver resigns - report

Croatia's Agrokor receiver resigns - report Ante Ramljak, govt

ZAGREB (Croatia), February 21 (SeeNews) - The receiver of Croatia's Agrokor, Ante Ramljak, has handed in his resignation to prime minister Andrej Plenkovic late on Tuesday, local media reported.

Ramljak, Plenkovic and his closest aides held a meeting that ran late into the night on Tuesday, after it was earlier revealed that the receiver had hired his former employer, Texo Management consultancy, to advise on the process of Agrokor restructuring, news broadcaster HRT reported.

Ramljak is believed to have handed in his resignation to the prime minister during the meeting, due to the pressure he has faced since it came to light that Agrokor was paying Texo Management 250,000 ($41,700/33,600 euro) kuna a week for its services.

It was also revealed that at the time Agrokor and Texo Management signed the consultancy services contract, Ramljak was still formally employed by Texo.

The government is expected to hold an extraordinary news conference on Wednesday to reveal whether Ramljak's resignation has been accepted and what this means for the restructuring process in Agrokor.

Last week, Ramljak told the economic committee in parliament that he is ready to face the consequences if lawmakers and the government decide that he has behaved outside the powers entrusted to him under the procedure for emergency administration of Agrokor.

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