MK Group, Bulgaria's Litex Commerce shortlisted for acquisition of Greece's Hellenic Sugar
Hellenic Sugar’s owner, Agricultural Bank of Greece (ATE) SA, is is selling non-banking activities as part of a restructuring plan. The takeover of Hellenic Sugar, with a market value of between 32 million euros ($44 million) and 40 million euros, would help MK Group expands in the Balkans, Kostic told Bloomberg.
The investment would open up sugar markets in neighboring Macedonia, Bulgaria and Albania, “but primarily Greece because Greece is our top sugar buyer, they do not produce enough sugar,” Kostic added.
Serbia exports around 100,000 tons of sugar to Greece, worth between 70 million euros and 80 million euros a year, accounting for 65 percent of an annual sugar export quota the country has with the European Union.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
30.04.2024. | Industry, Transport
Chinese train “Soko” arrives to Serbia – To go from Novi Sad to Subotica
30.04.2024. | Industry, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
30.04.2024. | Construction, Tourism, Sports, Culture
Opening of three superior hotels expected in Belgrade by 2027
30.04.2024. | Construction, Tourism, Sports, Culture