Agrokor Raises 35 Million Euros on Sale-Leaseback, Poslovni Says

Agrokor d.d., Croatia’s largest closely-held company, raised 35 million euros ($46 million) through sale-leasebacks of its stores to WP Carey Inc. (WPC), Poslovni Dnevnik reported, citing a bourse filing by the U.S. real-estate investment banking firm.

Konzum d.d., Agrokor’s retail arm, still owns as much as 25 percent of more than 700 stores in Croatia, according to Poslovni.

To contact the reporter on this story: Jasmina Kuzmanovic at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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