Published: April 11, 2014
Croatian retail group receives €600mn from Russian lender to help refinance existing debt.
Agrokor Group, a Croatian retail business, has received a €600mn (US$833mn) loan from Russia’s Sberbank.
The seven-year loan will allow Agrokor, Croatia’s largest private company, to refinancing its existing debt. Sberbank’s Russian business is contributing €500mn of the loan, with the remaining €100mn coming from Sberbank Europe.