Search


Advanced Search
Nenad Bach - Editor in Chief

Sponsored Ads
 »  Home  »  Business  »  (E) Agrokor - Croatian food company acquire Serbian Frikom
(E) Agrokor - Croatian food company acquire Serbian Frikom
By Nenad N. Bach | Published  02/18/2003 | Business | Unrated
(E) Agrokor - Croatian food company acquire Serbian Frikom
Distributed by CroatianWorld

 

Croatia's Agrokor to acquire Frikom


Belgrade, Feb 18, 2003 - Croatian food company Agrokor will sign a privatizationagreement with Belgrade-based ice cream and frozen food producer Frikom and the Serbian government allowing it to acquire a 55.49 percent stake in Frikom.

Agrokor placed the best offer, Minister of Economy and Privatization Aleksandar Vlahovic told a press conference.

The Croatian company offered €11 million for the 55.49% stake in Frikom, around €18 million in investments, plus another &euro:18 million for a social welfare programme, said SerbianPrivatization Agency head Mirko Cvetkovic. Agrokor also pledged to absorb Frikom's €13 million debt.

Distributed by CroatianWorld.net. This message is intended for Croatian Associations/Institutions and their Friends in Croatia and in the World. The opinions/articles expressed on this list do not reflect personal opinions of the moderator. If the reader of this message is not the intended recipient, please delete or destroy all copies of this communication and please, let us know!

How would you rate the quality of this article?

Verification:
Enter the security code shown below:
imgRegenerate Image


Add comment
Comments


Article Options
Croatian Constellation



Popular Articles
  1. Dr. Andrija Puharich: parapsychologist, medical researcher, and inventor
  2. (E) Croatian Book Club-Mike Celizic
  3. Europe 2007: Zagreb the Continent's new star
  4. (E) 100 Years Old Hotel Therapia reopens in Crikvenica
  5. Nenad Bach singing without his hat in 1978 in Croatia's capital Zagreb
No popular articles found.