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The biggest Balkans retailer and food producer, Fortenova, is said to be seeking a potential alternative buyer for Sberbank’s 43% stake in the Zagreb-based company as Hungary’s Indotek, which struck a deal with the Russian bank in April, awaits EU regulatory approval of the purchase, according to two people with knowledge of the situation.
Croatian private pension funds are potentially interested in acquiring the stake for no more than EU500m, according to the people with knowledge of the talks
Fortenova is scheduling a shareholders’ assembly for Sept. 8 to discuss options around Sberbank’s deal with Indotek
