Kostic the patron of the Serbian agrarian | Economy

MK Group of Companies officially confirmed the resumption of "Victoria Group" by Miley Babovic on Monday. A company that is currently cooperating with 300 cooperatives and 40,000 farmers

has been taken over. DO Miodrag Kostic, a few weeks ago, is richer for another company. As "Novosti" announced exclusively on Monday, "MK Group" has become the majority owner of "Victoria Group", which, to our knowledge, has confirmed both companies. And, as we say in the MK group, the process of taking over bank debts against members of the Victoria group began

With the creditors of the "Victoria Group", a contract was signed to resume loans from members of this group society. The interest of taking over the debts of the creditors of Victoria is a business opportunity for the further development of businesses and the entire Serbian agrarian sector, as well as multiple benefits for all parties involved. in this process – said Dusan Radicevic, director of "MK Group".

The biography of the company MK Group is huge, especially when it comes to the agrarian. It works, as it says, in more than 70 municipalities in Serbia. He has been engaged in agriculture for the past 35 years, so it is one of the largest companies in this sector, in Southeast Europe. It treats 30,000 hectares. Only the income of agrarian 600 million euros

– We have extended our operations to Slovenia, Croatia and Montenegro since 2015.

Viktorija Construction Group in Bulevar Mihajla Pupina in Belgrade , Photo: Promo

– In addition to the agrarian, he invests in the hotel, tourism and banking. "MK Group" has decided to take over the bank claims against the members of "Victoria" taking into account, on the one hand, its strategic commitment for new investments in the agricultural sector and on the other hand, the potential of "Victoria Group" results in domestic and foreign markets

Read more – Kostic bought "Victoria group"!

On the other hand, the Victoria Group is one of the largest agribusiness companies in Serbia. In MK, they say that their "new" company cooperates with more than 300 agricultural cooperatives and 40,000 farmers. It employs more than 1,300 people in the companies that are members. These are – "Sojaprotein", "Victoria Oil", "Victoria Logistics", Port "Backa Palanka", Subotica Veterinary Institute, SP Laboratory and "Riboteks". Since its inception, the company has invested 260 million euros in capacity and modernization of factories, and soy and sunflower products have been exported to more than 60 countries around the world. Lane exported goods worth 178 million euros

Milija Babovic, Photo: N. Skenderija

REPROGRAMS OF CREDIT

– The company Viktorija Group is in financial restructuring since 2014 repayment of loans repayment, while implementing internal measures of business optimization, underline in "MK group". The former majority owner of the Victoria group, Milija Babovic, will hold a smaller shared package.