Serbia's Delta Agrar raises stake in local firm Jedinstvo Apatin to 78.86%.

By bne IntelliNews December 2, 2011
Serbia's Delta Agrar said it raised its stake in farming company Jedinstvo Apatin to 78.86% from 69.83% following a buyout bid. Delta Agrar bought 78,963 Jedinstvo shares at RSD 2,357 (EUR 22.7) a piece between November 9 and November 29, it said in a filing to the Belgrade bourse. Delta Agrar was set up in 1993 as part of diversified Delta Holding. Delta Agrar employs 1500 workers and is present on the markets of the countries in the region and the European Union, as well as in Russia and Switzerland. It plans to generate a trade turnover of EUR 302mn in 2011, up from EUR 265mn in 2010. Jedinstvo is located in the northwestern town of Apatin, close to the borders with Croatia and Hungary. It possesses a total arable land of 5,869 hectares.

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