Serbian businessman exits ownership of Victoria Group - report.

By bne IntelliNews December 6, 2011
Serbian businessman Stanko Popovic is no longer a shareholder in Victoria Group, daily Dnevnik reported quoting unofficial information. Popovic has left Serbia's leading agriculture conglomerate and plans to enter cement production business. Dnevnik also reported that Victoria Group's director general Nikola Vujacic will soon vacate his post. Vujacic declined to confirm this information to the daily but said the company is undergoing transformation and the public will be informed about it in the coming days. Victoria Group is 64%-owned by local businessmen Popovic, Milija Babovic and Zoran Mitrovic, Dnevnik said. The European Bank for Reconstruction and Development holds a 24% stake in the company following a EUR 40mn capital hike in 2009. Victoria Group is the majority owner of soybean manufacturer Sojaprotein and fodder producer Veterinarski Zavod, both of which are blue-chip companies on the Belgrade bourse. The group also owns edible oil and biodiesel manufacturer Victoria Oil, Novi Sad-based Victoria Logistic and several other agriculture-focused companies. Dnevnik said that Victoria Group annually invests EUR 150mn and partners with 25,000 farmers, becoming the largest single buyer of wheat and maize in Serbia, as well as the country's larger grain exporter.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335