Fortenova Group

Business in Russia

VTB Bank, which controls about 7% of the shares of the largest retailer in the Balkans — Fortenova Group, is discussing the possible exchange of this share for Yandex shares.

Decision trail

Decision date 29/11/2023 · Reference ↗

On October 31, 2022 the Russian Savings Bank, which owned 43% of the shares of Fortenova Group (formerly Agrokor), sold this asset to Seif Al-Ketbi, a resident of the United Arab Emirates. Turning to the heart of 2023, the fate of Fortenova is still overwhelmed by the Russian Vlasnik. Sberbank prepared to please the emirates' investor, a small sheikh, having bought a piece of Fortenova from the bank. The order of Croatia did not waste time, blocking the favor, splintering, suspecting the possibility of violating the sanctions, as if sales would be without good luck. In the middle of the chest, the European Council expanded the sanctions on SBK ART, Sberbank's company, yak Volodya Fortenova. Filipovich and Boroevich, a partner of the Alketbi company, an investor from the UAE, also suffered sanctions. Croatian tycoon Pavao Vujnovac is expected to gain a majority share of the retail giant Fortenova, one of the biggest companies in the Balkans, which has struggled for more than a year to get rid of its large Russian shareholder.

Status history since 2022

1. 03/08/2026 — exited · Imported from KSE LeaveRussia

Exposure profile