Deal #7757

Serbia
Created at
2020-02-21
Last update
2022-05-31
Last full update
2022-05-31

Land area

Comment on land area
Information about the land area is mentioned below in "Contract Farming".

Intention of investment

Intention of investment
  • [current] Food crops, Fodder, Other
Comment on intention of investment
Luka Backa Palanka deals with: 1)Nautical services; 2) Transport services. >> SP Laboratory.

Nature of the deal

Nature of the deal
Pure contract farming

Negotiation status

Negotiation status
  • Concluded (Contract signed)
  • [2020] Concluded (Change of ownership)
  • [2020-06] Concluded (Contract signed)
  • [2021] Concluded (Change of ownership)
  • [2021-11-22, current] Concluded (Contract signed)
Comment on negotiation status
In 2020, MK Group acquired 67% shares of Victoria Group. Next year, the Group changed its owner again to Archer-Daniels-Midland Europe.

Implementation status

Implementation status
  • [current] In operation (production)

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [2014, current] 200000 ha 40000
Comment on contract farming
Victoria Group cooperates successfully with more than 40,000 farmers through 300 cooperatives. Information is from Corporate film - find here https://www.victoriagroup.rs/en/press/corporate-film