"Clifford Chance Facilitates €550 Million Refinancing for Fortenova, Strengthening Market Position in Southeast Europe"

"Clifford Chance has assisted UniCredit and Zagrebačka banka in a €550 million refinancing for Fortenova, a vertically integrated retail operator in Southeast Europe. This marks the largest corporate private financing in Croatia organized by a single banking group, completed on October 1, 2025. The refinancing strengthens Fortenova's financial stability and positions it to further consolidate its market leadership. Established in April 2019, Fortenova operates in five key Southeast European markets with over 40,000 employees and more than 2,500 retail and distribution points."