Agrocor
| Agrokor dd
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1976 |
| Seat | Zagreb , Croatia |
| management | Fabris Peruško ( Trustee ) |
| Number of employees | approx. 60,000 |
| sales | 54 billion HRK |
| Branch | Food manufacturing and trading |
| Website | www.agrokor.hr |
Agrokor dd is the largest private company in Croatia and one of the most powerful companies in Southeast Europe. In 2014, revenue of 54 billion kuna (approx. 7.2 billion euros) was posted. The company currently employs around 60,000 people.
The main activity of Agrokor is the production and distribution of food and beverages as well as retail . The group includes the largest meat industry in Croatia, PIK Vrbovec , the largest agricultural company Belje, as well as the leading retail chain Konzum .
In its 30th anniversary, the group has grown from a small family business that planted and sold flowers to one of the leading food retail groups in this region.
Since April 1, 2019, Agrokor has been part of the newly founded umbrella company Fortenova Group , the parent company Agrokor dd will subsequently be liquidated.
The leading position of Agrokor products is reflected in their market share. Ledo holds 80% of the Croatian ice cream market, Zvijezda has an 83% market share in the margarine sector and Jamnica has an 80% and 59% market share respectively in the mineral water and spring water sector.
In addition to the various Croatian companies, the Agrokor Group also owns various companies from other countries. B. from Bosnia and Herzegovina , Hungary and Serbia .
history
Ivica Todorić founded a company for the production and sale of flowers and cuttings in Zagreb in 1976 . The first greenhouses were built in the same year and sales of the goods were expanded to the rest of the country. Although socialist Yugoslavia rejected private companies, Todorić was able to employ more than 50 people in the first two years.
From 1977 to 1988 Todorić expanded the company's field of activity. Thus, through the import and export of grain, oil crops, fruit and vegetables, a growth in sales and thus also in profit could be achieved. The company took on the leading role in the Croatian flower industry. In 1989 the Agrokor joint stock company was founded. The company entered the construction industry over the next two years, buying a soy processing factory in Zadar .
Lovno gospodaarstvo Moslavina doo was founded in 1992 and has a hunting license for a hunting ground near Zagreb. In the same year Agrokor became majority owners of Jamnica and Agroprerad. In 1993 Agrokor became the majority owner of Zvijezda and DIP in Turopolje. The Jamnica factory, which was completely destroyed in the war in Croatia , was rebuilt and production started again.
A modern distribution system was introduced at Zvijezda and Jamnica in 1994. Jamnica received new product lines and started filling in PET bottles. Agrokor became the majority owner of Ledo, Konzum, Silos-mlinovi, Bobis and Solana Pag. In 1995 the first Super-Konzum was built and Agrokor registered as a group. The acquisition of Jaska vino dd, which produces juices and quality wines with the name Podrum Mladina , took place in 1998.
The two companies Silos Mlinovi and SRC Andrijaševci were registered together in 1999 under the name PIK Vinkovci dd. This was followed by the construction of a distribution center, which was also the Group's largest investment project and the largest warehouse of its kind in the region around Croatia. A new company (Čitluk Ledo) for the production of ice cream was founded in Čitluk (BiH) in 2000. According to the EBRD , Agrokoru has a creditworthiness of 170 million euros. Agrokor holds 97.4% of the shares in Sarajevski Kiseljak.
In 2001, Ledo and Irida doo Daruvar agreed on a strategic cooperation for the distribution and sale of frozen fish. Konzum entered the wholesale sector. With the company DAS Mala Neretva Konzum, the group began trading fruits and vegetables from the Neretva valley . Agrokor became the first organic poultry supplier in Croatia in 2002. The company bought Alastora doo. There were euro bonds in the amount of 130 million euros on the Luxembourg Stock Exchange . In 2003 Agrokor took over 51% of TP DC Sarajevo and 55.49% of the shares in Frikom, which owns an ice cream factory in Serbia .
Sloboda from Osijek and Medijator from Dubrovnik were taken over by Agrokor and Konzum respectively in 2004. In addition, 58.11% of the shares in Agrolaguna from Poreč and two Hungarian companies, including the Fonyodi water filling plant and the Baldauf ice cream factory, became the property of Agrokor. The new product line Jana (still mineral water) was realized this year and the flavored water "Jana - Strawberry / Guava" received a prize from EAUSCAR.
Dijamant from Zrenjanin / Serbia and the company Idea from Belgrade were added to the group in 2005. Agrokor acquired 99.76% of PIK Vrbovec and 67.92% of Belje and opened the first drugstore with the name Kozmo drogerija . The product Jana received an EAUSCAR as natural spring water in the same year.
The Agrokor Group and the EBRD signed an agreement in 2006 to invest 110 million euros in Agrokor's share capital, giving ERBD an 8.33% stake in the Group.
The group was considered highly indebted and was placed under state supervision at the beginning of April 2017 with the restructuring manager Fabris Perusko. Creditors registered the equivalent of € 7.7 billion in claims, of which € 5.5 billion were recognized by the restructuring board. To secure 50,000 jobs, the Croatian government passed a law tailored to Agrokor, which saved the company from bankruptcy.
On April 1, 2019, Agrokor became part of the Fortenova Group . As a first step, 77 companies based in Croatia out of a total of 159 will be placed under the Fortenova Group, including Konzum and the beverage manufacturer Jamnica . Companies with a majority stake in Agrokor, whose headquarters are outside Croatia, such as the Slovenian retail chain Mercator , are to be connected to the Fortenova Group after the proceedings in Croatia have ended.
Shareholdings of the Agrokor Group
| Companies | Shares in% | Working group |
|---|---|---|
| Agrokor AG | 100% | Others |
| Agrokor trgovina dd | 100% | Others |
| Agrokor Zagreb dd | 100% | food |
| Agrolaguna dd | 69% | food |
| Agroprerada dd | 98% | food |
| Belje dd | 52% | food |
| Centropromet dd | 71% | retail trade |
| Dijamant ad | 60% | food |
| Fonyodi Kft | 80% | food |
| Frikom ad | 92% | food |
| Idea doo | 100% | retail trade |
| Irida doo | 79% | food |
| Jamnica dd | 80% | food |
| Japetić dd | 75% | retail trade |
| Concum dd | 81% | retail trade |
| Ledo dd | 79% | food |
| Ledo Kft. | 79% | food |
| Ledo Čitluk doo | 79% | food |
| Lovno Gospodarstvo Moslavina doo | 100% | Others |
| Mediator doo | 81% | retail trade |
| Mercator | 88% | retail trade |
| Mladina dd | 49% | food |
| PIK Vinkovci dd | 71% | food |
| PIK Vrbovec dd | 99% | food |
| Riječka tvornica konopa | 80% | Others |
| Sarajevski kiseljak dd | 81% | food |
| Sojara dd | 52% | food |
| Solana Pag dd | 88% | food |
| TP DC Sarajevo dd | 51% | retail trade |
| Veleprodajni centar doo Sarajevo | 81% | retail trade |
| Zvijezda dd | 52% | food |
| Zvijezda doo Sarajevo | 52% | retail trade |
Web links
Individual evidence
- ↑ Ante Ramljak becomes receiver for Agrokor In: agrokor.hr, on April 11, 2017, accessed on October 21, 2017.
- ↑ List of companies from former Yugoslavia by turnover ( Memento from November 13, 2013 in the Internet Archive ) (English)
- ↑ About us. Agrokor, accessed on August 27, 2015 .
- ^ A b c d Croatia: Agrokor group becomes Fortenova. ORF.at, March 31, 2019, accessed on April 1, 2019 .
- ↑ Croatian company giant Agrokor under pressure ORF.at, accessed on April 1, 2019
- ^ Agrokor crisis: Slovenia protects Mercator retail chain by law. In: tt.com. Tiroler Tageszeitung Online, accessed on March 8, 2020 .
- ↑ Croatian large corporation Agrokor is smashed ORF.at, December 21, 2017, accessed December 21, 2017.