Source: eKapija | Tuesday, 21.11.2017.| 15:18
Highlight an article Print out the news

MK interested in purchasing Victoria Group?

Several days ago, MK Group sent a bid for the purchase of the over-indebted Belgrade-based company Victoria Group, which sees the solution in getting a new owner ready to buy out debts of EUR 275 million from banks, the Novi Sad-based Radio 021 reported yesterday.

As reported, sources close to the purchaser claim that the positions of the two parties in the negotiations have been brought closer together and that it can be expected for the arrangement to be realized by the end of the year.

MK Group would thereby gain possession of Sojaprotein, the Sid-based edible oil plant Mladost, the Subotica Veterinary Institute...

However, neither of the two companies were able to confirm the validity of these reportings for eKapija.

– At this moment, we are unable to comment on the further plans and negotiations with potential partners – Victoria Group told eKapija and added that they were “constantly considering options for strategic partnerships, joint investments, mergers and acquisitions”.

Furthermore, they also say that all the business activities in Victoria Group are being carried out without obstacle and that “the measures of internal consolidation, along with stable operations and a healthy business model, enable the achievement of operating plans, which will enable sustainable activities of the company and its members in the upcoming period”.

At the same time, MK Group says that they are planning new investments in the agrarian field and that they are analyzing several potential investments in the fields of agrarian business, banking and tourism, both in Serbia and the countries of the region.

– New investments and acquisitions are necessary for MK Group to prepare for the big European market of 500 million people, where we will compete against the biggest European players, which are 5 to 10 times bigger than MK Group at the moment – the company says and adds that this would “secure a safe future for our 7,000 employees and 30,000 subcontractors, as well as the development of 70 municipalities in Serbia in which we operate”.

– Potential investments in the agrarian sector do not mean that we are withdrawing from the sugar production business – says the company, whose director Dusan Radicevic says that “if concrete new acquisitions occur, we will notify the public of it in due time, as we have always done”.
Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE