Moody's confirmed Agrokor's credit rating
Sep 09, 2014
Moody’s credit rating agency confirmed Agrokor Group’s B2 status with stable outlook
The analysis by Moody’s highlights recent Mercator acquisition which confirmed Agrokor’s leading retail position in southeast Europe. Completion of the process in which Agrokor became a 80.75 percent owner of Mercator has great importance due to significant synergy potential, vertical integration and improvement of business results. The next 12 to 18 month period is considered crucial, with geographical diversification and business harmonization becoming priorities that strategic and retail Agrokor teams are already focused on, with a final goal of achieving organic and sustainable growth.