Fortenova Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Sanctions-related ownership restrictions
Sberbank and VTB's positions in Fortenova became subject to sanctions-related restrictions after Russia's invasion of Ukraine. Voting and other ownership rights were frozen or restricted, complicating governance and the proposed transfer of the Sberbank-related stake.
2019
Slovenian competition proceeding concerning Costella
Slovenia's competition agency initially imposed a €53.9 million fine on Agrokor for failing to notify the 2016 acquisition of Costella. A Ljubljana court reduced the fine to €1 million in 2020, characterizing the failure as negligent rather than an intentional attempt to evade notification requirements.
2017
Agrokor insolvency and extraordinary administration
Fortenova was created as the successor structure to Agrokor after the Croatian conglomerate entered extraordinary administration because of illiquidity and excessive debt. The restructuring became an international insolvency and creditor-settlement process.