Please note: you are viewing an old version of this deal. The current version can be found here: Deal #7755

Deal #7755 Version #81004

Serbia
Created at
2020-02-19
Last update
2020-04-16
Last full update
2022-06-08

Land area

Size under contract (leased or purchased area)
  • 20000.0 ha
  • [2016, current] 29000.0 ha
Comment on land area
Information is on the Company's website. Information about 29 000 ha [2016] is from media source.

Intention of investment

Intention of investment
  • Food crops (20000.0 ha)
  • Agriculture unspecified (1331.0 ha)
  • [current] Livestock, Tourism
Comment on intention of investment
84 ha -the apple orchard; 1200 - vegetables (green beans, peas, sweet corn, potatoes); 655 ha - fish pond; 16.5 ha of its own vineyards and 30 ha of land in partnership with subcontractors;

Nature of the deal

Nature of the deal
Outright purchase, Lease
Comment on nature of the deal
As of January 2016, MK Group manages around 29,000 hectares of agriculture land (around 290 square kilometers) in Serbia, of which it owns around 19,000 hectares.

Negotiation status

Negotiation status
  • Concluded (Contract signed)
  • [2010] Concluded (Change of ownership)
  • [2010] Concluded (Contract signed)
  • Concluded (Contract signed)
  • [2015] Concluded (Change of ownership)
  • [2015, current] Concluded (Contract signed)
Comment on negotiation status
MK Group repurchased 51% shares of Sunoko and became 100% owner [2010] . Acquisition of PIK Bečej, as one of the largest agricultural companies in Serbia. MK Group obtained 9,000 ha of land and confirmed its status of one of the biggest landowners in Serbia [2015].

Implementation status

Implementation status
  • [current] In operation (production)