Romania's OPCOM electricity spot volumes - Dec 04, 2023
Romania's OPCOM electricity spot prices - Dec 04, 2023
Croatia power consumption - Dec 02, 2023
Serbia power consumption - Dec 02, 2023
Bulgaria power consumption - Dec 02, 2023
Nov 27, 2017 12:00 EEST
November 27 (SeeNews) - The listed subsidiaries of Croatia's ailing food-to-retail concern Agrokor said on Monday they have signed an agreement on pledge of intellectual property with Hong Kong-based security claimant Madison Pacific Trust Limited.
The agreement was signed to create security interest in favour of Madison Pacific Trust Limited for a loan extended to Agrokor on June 8, 2017, the subsidiaries said in separate filings with the Zagreb Stock Exchange.
The agreement constitutes pledging rights in favour of Madison Pacific on intellectual property belonging to frozen food producer Ledo [ZSE:LEDO-R-A], food company Belje [ZSE:BLJE-R-A], agricultural conglomerate Vupik [ZSE:VPIK-R-A], mayonnaise and margarine maker Zvijezda [ZSE:ZVZD-R-A] and soft drinks and water bottling company Jamnica [ZSE:JMNC-R-A].
In June, Agrokor signed a roll-up arrangement of up to 1.06 billion euro ($1.27 billion) with over 30 creditors and Hong Kong-based Madison Pacific Trust Limited, which acted as security agent on the deal.
Funds secured under this loan arrangement enabled Agrokor to stabilise its operations and solve liquidity problems, the companies said.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options