The Agrokor concern said on Sunday that its survival was not at stake and that its management was working, together with key investors, on repositioning the corporate system and on defining a new business model that would protect the interests of all Agrokor stakeholders, taking care primarily of employees and their jobs and suppliers and partners.
The food and retail concern today issued a public statement, saying the reason was a large amount of information about it in the media, including incomplete and false information, that could result in a wrong perception of the concern's current status.
Agrokor is the biggest Croatian and regional company with strong brands, a strong market position and quality employees, the concern says in the statement, noting that its total revenue accounts for 15% of Croatia's GDP and that it is one of the generators of the country's economic development, primarily in the food and agricultural industries.
"The position and survival of Agrokor and its companies are not at stake. The concern's management and key investors are working on repositioning the system and on defining a new business model that will protect the interests of all stakeholders, taking care primarily of employees and their jobs and suppliers and partners towards which Agrokor will continue fulfilling all obligations it has taken over. The business model to be chosen will soon be presented to all main partners and employees. Agrokor will accept only such a model that will not be to the detriment of its employees and suppliers and that will fully protect their interests as well as be acceptable to the concern's investors," reads the statement.
The media reported today that representatives of the Kras, Vindija, Dukat, Podravka and Franck companies were expected to hold a meeting on Monday to agree on how to proceed with their business activities that involve Agrokor.