“Deputy emergency manager in the Agrokor company Irena Weber talked on Thursday about the next steps in the process of restructuring of the indebted company, after the debt-for-equity settlement deal was passed in a creditors’ vote at the Zagreb Commercial Court yesterday.

‘The settlement passed yesterday with a very strong majority of 80.2 percent, which is very important to us because it sends a strong message on the settlement process and the quality of work,’ Weber said to the RTL broadcaster.

Under the provisions of the settlement deal, Russian Sberbank would own the most shares, 39.2 percent, after the company’s restructuring. Along with another Russian bank, VTB (7.5 percent), and Zagrebacka Banka (2.3 percent), it will own nearly three quarters of total shares in Agrokor. The process of implementing the settlement deal is expected to last between three and four months.” (N1)