“Indebted Croatian food group Agrokor and its largest single creditor Russia’s Sberbank have reached agreement on a withdrawal of lawsuits and an acknowledgment of Sberbank’s claims, Agrokor’s crisis manager said on Wednesday.

Sberbank’s claim amounts to 1.1 billion euros ($1.35 billion), but it has been disputed by Agrokor as Sberbank previously filed lawsuits outside Croatia, notably in other Balkan countries, targeting Agrokor’s property to try to secure repayment.” (Reuters)