Atlantic Grupa denies claims of forming a consortium with Adris to purchase Agrokor’s companies

Following media reports about the invitation from Atlantic Grupa and Adris to Croatian companies to join them in a joint consortium that would take over parts of Agrokor’s business, particularly Ledo and Jamnica, in order to remain predominantly in domestic ownership, Atlantic Grupa has denied such claims.

“Atlantic Grupa is not undertaking any activities related to the formation of a consortium for the purchase of parts of the Agrokor system. As a listed company, we would first inform the Zagreb Stock Exchange about such intentions, and we cannot interpret other media reports.”

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On the other hand, Adris from Rovinj has expressed readiness to establish a consortium if conditions are created for it.

“Adris does not comment on media reports. However, if conditions are created for it, Adris is ready to seek a comprehensive solution for Agrokor together with successful Croatian companies, especially since these are companies with business credibility and investment potential. We are convinced that this would be beneficial not only for those companies but also for the Croatian economy as a whole.”

The creation of such a consortium has been supported by Agrokor, and the Minister of Economy Martina Dalić has also given her approval.

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“The extraordinary administration welcomes any expression of interest that recognizes the results of work on restructuring and the success of Agrokor companies, which we will continue to enhance in value. However, we emphasize that there is no sale of key companies, nor proposals regarding sales before an agreement. The decision on sales is not made by the extraordinary administration or the state, but by the creditors,” is the reaction from Agrokor.

Meanwhile, Minister Dalić stated that this is good news. “Advisors Alix and partners are working on preparing the agreement, and it is the task of the extraordinary commissioner to draft and achieve the agreement no later than the legally prescribed deadlines. It is good that there is domestic interested capital when creditors decide what will be sold, when, and how. For me, the possibility that domestic capital is also preparing to be ready for the creditors’ decisions about the future of Agrokor is good news. At the same time, I hope there will be more such initiatives.”