April 27 (SeeNews) - Croatia's troubled food and retail concern Agrokor said on Thursday it intends to name PricewaterhouseCoopers LLP as auditor of its 2016 financial statements after preliminary probes revealed that potential accounting errors might have been committed.
Agorkor's receiver has requested that certain companies within the group convene their general shareholders meetings within 15 days from Thursday to decide on the appointment of PricewaterhouseCoopers LLP as the new statutory auditors, the concern said in a statement.
"The Group, working closely with its advisors, has identified in preliminary investigations that there could be potential errors in the Group's accounts. These investigations are currently continuing. As a result the Group requests that stakeholders not rely on its historical financial statements until the investigation has been completed and the situation clarified accordingly," Agrokor added.
It also reiterated that initiating any type of enforcement action, commencing litigation, pursuing any legal remedies and undertaking similar actions against the group is expressly prohibited under a moratorium imposed by force of the law on Agrokor administration.
Earlier this week, Agrokor appointed consulting firm AlixPartners to advise it on the company's restructuring.
On April 10, the government named Ante Ramljak as receiver of Agrokor to lead the restructuring process in Croatia's largest private concern under the extraordinary administration act adopted by parliament a week earlier. The law, commonly known as 'Lex Agrokor', was drafted by the government in response to financial troubles that emerged recently at the food and retail group.