May 26 (SeeNews) - Raiffeisenbank Austria (RBA) and Raiffeisen Factoring have denied media rumours on the potential extension of the deadline for the memorandum on the promissory notes of Croatian troubled retail group Agrokor after May 31.
RBA and Raiffeisen Factoring confirm their stand that there is no need for the extension of the deadline and this has already been communicated to Agrokor and its suppliers, the two lenders said in a joint statement on Thursday.
The two lenders have reached agreements on an adequate solution with the bulk of Agrokor's suppliers, while a small part of them are still insisting on demands that are unacceptable, RBA and Raiffeisen Factoring said.
RBA and Raiffeisen Factoring are still in talks with some of the suppliers, the lenders noted.
On Wednesday, Croatian news agency Hina reported that Agrokor's receiver Ante Ramljak has told suppliers that RBA and Raiffeisen Factoring will prolong the maturity date for promissory notes.
A group of Agrokor suppliers said on Monday that they would halt deliveries to the company as of May 29 if their demands related to the promissory notes of the company are not met.
In April, Ramljak signed a memorandum on the concern's promissory notes which bars creditors from forcibly collecting payments from suppliers until May 31.
However, banks have not received payments from Agrokor yet, while suppliers, owed about 16 billion kuna ($2.42 billion/2.16 billion euro) are concerned that they could be held liable for the liabilities of Agrokor through the promissory notes.
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