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!