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Zagreb court upholds 41.5 bln kuna (5.6 bln euro) of Agrokor debt claims

Zagreb court upholds 41.5 bln kuna (5.6 bln euro) of Agrokor debt claims Author: Agrokor. License: All rights reserved.

ZAGREB (Croatia), January 16 (SeeNews) - Croatia's ailing food-to-retail concern Agrokor said on Tuesday the Zagreb Commercial Court has recognised claims of the concern's creditors, previously stated by Agrokor's extraordinary management, in the amount of 41.45 billion kuna ($6.8 billion/5.6 billion euro).

The court has rejected claims worth 16.43 billion kuna, the concern said in a statement, citing a decision of the court.

The creditors mutually contested each other's claims in the amount of over 10.4 billion kuna, while claims and liabilities disputed by other creditors amount to over 101 billion kuna.

"The total sum of the upheld principal claims, before the end of litigation, amounts to 31,043,173,116.50 kuna", Agrokor said.

Claims of other creditors were disputed by Adris Group, Alca Zagreb, D.M.H., Ricardo, RCB Bank Limited, Sberbank, VTB Bank AG, VTB Bank SA, VTB Capital PLC, Feniks Radnicka, Bebra, Agram Invest, Agrolaguna and Euroherc osiguranje.

Adris Group, Russia's Sberbank and VTB Group have withdrawn their mutual claims, Agrokor said.

(1 euro=7.42306 kuna)

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