Deal #7026

Serbia
Created at
2019-05-29
Last update
2022-06-08
Last full update
2022-05-09

Land area

Size under contract (leased or purchased area)
  • [2019, current] 1621 ha

Intention of investment

Intention of investment
  • [current] Food crops, Tourism
Comment on intention of investment
Before the investor's arrival, the company had livestock capacities (particularly pig farms) but Yugo Elite Agro sold the pig farm right after the company's assets acquisition. Currently, the operating company is described as agro-tourism complex with stables and horse racing events.

Nature of the deal

Nature of the deal
Outright purchase, Lease
Comment on nature of the deal
It owns 114 hectares and 1,507 hectares in a long-term lease (15 or 20 years).

Negotiation status

Negotiation status
  • [2014, current] Concluded (Contract signed)
Comment on negotiation status
Elite Agro in Serbia founded the company Yugo Elite Agro (Yugo Elite Agro) , which was bought in 2014 by the agricultural company "Zobnatica".

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
The project was operational before foreign investor took over the land

Leasing fees

Annual leasing fee
212
€
per ha
Comment on leasing fee
Backa Topola rented out the fields to "Zobnatica" at prices ranging from 212 to 265 euros per hectare