Fortenova Group

Fortenova Group is a food producer and retailer based in Zagreb. It has been operating since 1 April 2019. As a result of the successfully conducted and concluded negotiations among Agrokor's creditors and the adopted final and non-appealable Settlement Plan, Fortenova Group started its operations as a new company with a completely redesigned owner... ship, organisational and management structure. The team, headed by Extraordinary Commissioner Fabris Peruško, that ran the process of Agrokor's financial restructuring over the course of the Extraordinary Administration Procedure, was presented with the prestigious TMA Turnaround and Transaction Award for 2019 in the category of international transaction of the year. Namely, the process that resulted in the settlement among creditors and its successful implementation was assessed by the international financial industry as the most significant procedure of its kind in the world that year. In less than a year after the implementation of the settlement plan, Fortenova Group successfully completed its refinancing by issuing a four-year bond, has significantly improved its cash position and become a financially entirely stable company. The company is managed by a board of directors and a team of Executive Directors headed by Fabris Peruško as chief executive officer. Fortenova Group employs more than 50,000 workers in more than 30 administrative headquarters, 29 production plants, more than 2,500 sales locations and distribution centers across six jurisdictions and directly participates with its own business operations in food production, retail chain management and agriculture on the markets of Croatia, Slovenia, Bosnia and Herzegovina, Serbia and Montenegro. Through its affiliated companies Fortenova Group also owns a company in Hungary. Through the export of its food products Fortenova Group is present on the markets of more than 20 countries of the world, where the most significant outbound markets are the states of the region and the European Union. At the same ...Read More