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Trading in shares of 8 companies of Croatia's Agrokor resumes on ZSE

Trading in shares of 8 companies of Croatia's Agrokor resumes on ZSE Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), November 3 (SeeNews) - Trading in shares of eight companies members of troubled Croatian food-to-retail concern Agrokor will resume on the Zagreb Stock Exchange (ZSE) on Friday, the bourse said.

Trading in shares of the eight companies was halted on April 27, after they failed to publish on time their audited 2016 financial statements and first quarter 2017 reports due to the financial crisis in Agrokor.

On November 3, trading in food producer Ledo [ZSE:LEDO-R-A], food company Belje [ZSE:BLJE-R-A], meat processing company PIK-Vinkovci [ZSE:PIVK-R-A], news stand operator Tisak [ZSE:TISK-R-A], agricultural conglomerate Vupik [ZSE:VPIK-R-A], mayonnaise and margarine maker Zvijezda [ZSE:ZVZD-R-A], soft drinks and water bottling company Jamnica [ZSE:JMNC-R-A]  and wholesaler Zitnjak  [ZSE:ZTNJ-R-A], is continuing, ZSE said in a statement.

In a separate statement, Ledo warned investors that the corporate guarantees it had issued for loans extended by creditors to Agrokor and the concern's associated and affiliated companies, in the total amount of 19.8 billion kuna ($3.1 billion/2.6 billion euro), have been overdue since the start of state-run extraordinary administration of Croatia's largest private company. 

Hence, shareholders and the investment public should take into consideration that information while assessing decisions on purchasing or selling the issuer's shares, Ledo said.

Similar press releases were issued by the remaining seven companies.

(1 euro=7.52952 kuna)

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