 Official logo | |
Native name | Fortenova Grupa |
|---|---|
| Company type | Joint-stock company |
| Industry | Food and Retail |
| Predecessor | Agrokor |
| Founded | 1 April 2019 |
| Headquarters | , |
Area served | Southeast and Central Europe |
Key people | Fabris Peruško (CEO); Pavao Vujnovac (chairman of the board of directors)[1] |
| Revenue |  €5.4 billion (2021[2]) |
 €4 million) (2022[2]) | |
| Total assets | €4.6 billion (2022[2]) |
| Total equity | €130 million (2022[2]) |
| Owner | Open Pass (93,78%), more than 80 minority equity holders |
Number of employees | 45,237 (2022[3]) |
| Subsidiaries | 159 |
| Website | fortenova |
Fortenova Group (Croatian: Fortenova Grupa) is a food producer and retailer headquartered in Zagreb, Croatia. It began operations on 1 April 2019. The company was formed through the implementation of the Settlement Plan agreed upon by the creditors of Agrokor. Agrokor, due to financial insolvency and excessive debt, had entered pre-bankruptcy proceedings managed under the Extraordinary Administration Procedure in accordance with the Act on Extraordinary Administration Procedures in Companies of Systemic Importance to the Republic of Croatia.
Fortenova Group employs over 50,000 workers across its administrative headquarters, production plants, sales locations and distribution centers. The group also participates in its own business operations such as food production, retail chain management, and agriculture on the markets of Croatia, Slovenia, Bosnia and Herzegovina, Serbia, and Montenegro, with business interests in Hungary. Fortenova Group is present in the markets of more than 20 countries, and has a retail network of over 2,500 stores in the SEE region.[4]
Fortenova Group is most active in retail, beverage production, edible oil, fresh and processed meat production, and milk and dairy production. It is also active in the agricultural sector, in crop husbandry, livestock breeding, viticulture, wine production, olive growing, and fruit and vegetable growing. Fortenova Group places over 4,000 products.[5]
Fortenova grupa d.d. has announced on 9 July 2024 that its Dutch top holding company, Fortenova Group TopCo B.V., has successfully completed the transformation of its ownership structure. This was achieved by closing the pending sale of Fortenova Group MidCo B.V. (which holds Fortenova grupa d.d. and all Fortenova grupa operating companies) to Iter BidCo B.V., composed of non-sanctioned equity holders of TopCo. Consequently, Fortenova Group no longer has any sanctioned or Russian or Belarusian equity holders. Upon completion and following a subscription process in which all non-sanctioned and non-Russian or Belarusian persons were entitled to participate in Iter BidCo B.V. on the same terms as Open Pass, Open Pass has become the majority equity holder with a 93.78% stake in Iter BidCo B.V. Over 80 minority equity holders have decided to participate in the new ownership structure and together hold a 6.22% stake.[6]
- ^ Management
- ^ a b c d "Fortenova Group – Consolidated Profit and Loss statement FY 2022". fortenova.hr. Retrieved 10 October 2022.
- ^ "Fortenova Group ESG Report 2022". fortenova.hr. Retrieved 10 October 2022.
- ^ "Fortenova Group Sustainability report 2021". 30 June 2022. p. 121. Retrieved 22 July 2022.
- ^ "Fortenova Group Sustainability report 2021". 30 June 2022. p. 21. Retrieved 22 July 2022.
- ^ "Fortenova Group Completes Ownership Structure Transformation, Removing Sanctioned Equity holders". fortenova.hr. 9 July 2024. Retrieved 10 July 2024.