Transfer to Fortenova close as loan deal signed to restructure Mercator’s debt

Zagreb – The Croatian group Fortenova and Slovenian retailer Mercator have signed a contract under which the latter will get a EUR 385 million loan to restructure its debt to creditor banks, in a move that further enables the transfer of the Slovenian retailer from the bankrupt former owner Agrokor to Fortenova. Fortenova announced on Friday that Mercator’s debt to a total of 55 banks would be replaced by the group’s bonds, based on which the US fund HPS Partners and the Russian bank VTB Europe will secure EUR 385…

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