As one of the measures in preparation of the Company Restructuring and Privatization Program, on 5 June 2017, the Management Board of Petrokemija d.d. Kutina, after obtaining approval of the Supervisory Board, passed a Decision on the Publication of Invitation for Indication of interest in the recapitalization of Petrokemija Fertilizer Company d.d. Kutina.
This Invitation is in line with the Decision of the Croatian Government on the provision of a loan-repayment guarantee of 27 April 2017, long-term loan agreements with the Croatian Bank for Reconstruction and Development and Croatian Postal Bank d.d. as well as the agreement on short-term financing with Erste&Steiermarkische Bank d.d. in the total amount of HRK 350 million. These agreements, among other, stipulate the obligation of the Restructuring and Sale Center (CERP) to initiate the process of restructuring and privatization of Petrokemija d.d.
The invitation for indication of interest in the recapitalization of the Company is posted on the web site of the Zagreb Stock Exchange d.d. www.zse.hr, Petrokemija d.d. www.petrokemija.hr, Restructuring and Sale Center (CERP) www.cerp.hr, Hanfa and Hina.