Croatian Food Group Fortenova Starts Sale of Non-Core Businesses

Croatian food group Fortenova Grupa, formerly known as Agrokor, said on Wednesday it had put four units, including two tourism agencies, up for sale as it starts to divest non-core assets, Reuters reported. The other companies are a construction firm and a soybean storage and processing company. “We offer for sale two major tourist agencies in southeastern Europe, Atlas and Kompas. They control 20% of the markets in Croatia and Slovenia and more than 15% in Montenegro. Combined they serve some 1.2 million travellers a year,” Fortenova said in a statement. Their combined income last year amounted to 219 million euros ($239 million), it added. Read more