Billions Are Sinking Into a Balkan Black Hole
- Suppliers may stand to get repaid before bondholders, lenders
- Sberbank makes provisions for more than 50% of its loans
This article is for subscribers only.
Fights don’t come more lopsided than this: global giants Fidelity International and Axa Investment Managers facing off against the likes of a chocolate and biscuit maker to get paid following the stunning collapse of Agrokor d.d., the biggest company in the former Yugoslavia.
But in this Balkan battle, it’s confectioner Kras d.d. that has the edge.