Business

Agrokor Starts Appointing Managements of Mirror Companies

By 29 January 2019

ZAGREB, January 29, 2019 - With the process of registering the new names of the future Agrokor Group mirror companies having been completed, the procedure to appoint the management boards/ managing directors of the new companies started before the Commercial Court of Zagreb on Tuesday, Agrokor's emergency administration said in a press release.

The management boards and managing directors of the mirror companies will mostly remain the same as in the existing Group companies. Changes will only be made at several smaller companies where individual management board members / directors have announced that they will leave for other reasons of their own accord, the press release said.

For example, Konzum Plus, Ledo Plus, Jamnica Plus, Belje Plus and other companies will continue to be run by the same management boards as the existing companies, as will be the case with the other Group companies that will follow the same logic.

The appointment of mirror companies' managements is one of the steps in the process of preparing the implementation of the creditors' Settlement Plan and is an important precondition for the mirror companies to become fully operational on the implementation commencement date.

Unlike the mirror companies, the parent company Agrokor d.d. will get a completely new name by the end of January and will not use the name Agrokor any more.

More news on Agrokor can be found in the Business section.

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