Agrokor and Sberbank sign Contract worth EUR 350 million
May 02, 2016
Agrokor d.d. and Sberbank of Russia have signed a Contract on a long-term loan valued at EUR 350,000,000. The funds secured from this loan will be used to refinance existing short-term obligations in order to additionally strengthen the company's financial position and to improve control over obligation maturity.
This transaction represents continuity of successful cooperation which began two years ago when a memorandum of Understanding on Cooperation was signed. This arrangement is yet another confirmation of trust that international financial institutions have in the vision and long-term strategy of Agrokor.