According to the Sunday edition of the Croatian daily, Sberbank is in talks with Indutik regarding a 44 percent stake in Fortenova. On Friday, another Croatian newspaper, Jutarnji List, broadcast that the Hungarian group Indotek could buy a stake in the food giant.
Due to the Russian invasion of Ukraine, the European Union imposed severe sanctions on Russia, which affected the ownership structure of the largest company in Croatia, so Sberbank is proceeding to sell its stake in Fortenova, according to investor information.
The launch of the sale was officially confirmed by Fortenova last week.
Fortenova is the largest food trader and producer in Southeast Europe. The company was acquired as a creditor to the previously bankrupt Agrokor, which today turned into the Fortenova Group through a complex restructuring process. Fortenova employs more than 50,000 people through its core businesses – retail and wholesale, food and agriculture – and serves more than 30 million consumers in eight markets in Southeast Europe. More than 30 brands are manufactured in 12 plants, and the Croatian Konzum chain is part of the group.
Sberbank is currently the largest shareholder in Fortenova.
