Jutarnji list: Saif Alketbi – Yes, I own 43 percent of Fortenova

Investor from the United Arab Emirates, Saif Alketbi, confirmed in an interview with Jutarnji list that he has acquired 43 percent of the shares of Fortenova Group Netherlands from Sberbank in Moscow, following all EU laws and ahead of the deadline.

In a conversation with Jutarnji list journalist Gojko Drljača, Alketbi assures that he will comply with legal obligations and norms to complete all steps in this acquisition.

– I prefer not to comment on nonsensical speculation, but honestly, I was surprised by the hostility shown by management. I would have preferred management to be more constructive. We have a lot of common work in the best interest of the company considering the current conditions in the financial markets – he stated.

When asked how much he paid for Fortenova, Alketbi said it is a private investment that will remain confidential.

– I believe that Fortenova is an attractive asset and offers huge opportunities for growth and capital preservation, but with the right investments and strategy. This should not be a surprise to anyone following global investment trends in this sector. The issues of Russian involvement in the capital structure are well known. We have just resolved this issue for the company, which is another reason why I am surprised by the negative reaction from some in Croatia – he said.

Now, the company, Alketbi said, can focus on growth while they can ensure assistance in attracting international capital and accessing new markets.

He is convinced that they have not violated any sanctions in any way as they have always complied with all legal obligations. He also stated that he is confident they will succeed in registering their shares.

– My group and I are not personally under sanctions. We will continue to adhere to all applicable laws and regulations in the EU. I have full faith in the EU legal system. I notice its strong commitment to upholding the rule of law and relevant bilateral and multilateral investment agreements. I am confident that we will not be asked for a legal withdrawal, but let me assure you that I am ready to take all necessary legal steps to protect my investment and my rights. I would be disappointed if it came to that because I believe I have the right approach to business – said Alketbi.

– I would prefer that we concentrate our thoughts on business growth and creating value for our communities and stakeholders in Croatia and the wider region – said the investor, convinced that Fortenova is a Croatian jewel, and he is a chance for a fresh start, reports Jutarnji list.