Deal #7782

Serbia
Created at
2020-03-04
Last update
2022-05-30
Last full update
2022-05-11

Land area

Size under contract (leased or purchased area)
  • [2016] 9211 ha
  • [2022, current] 8900 ha

Intention of investment

Intention of investment
  • [current] Food crops, Livestock, Tourism

Nature of the deal

Nature of the deal
Outright purchase, Lease
Comment on nature of the deal
Under the AEC-Annual-Report 2016 {7} : PIK Bečej - owning 2 911ha; under lease - 6 300 ha; under irrigation system = 4 739ha.

Negotiation status

Negotiation status
  • [2007] Concluded (Contract signed)
  • [2015] Concluded (Change of ownership)
  • [2015, current] Concluded (Contract signed)
Comment on negotiation status
In mid-2007, the Privatization Agency sold a 40.9% stake in PIK Becej for EUR 12.3 million to a consortium comprising local investment company Irva Investicije and British Virgin Islands-based Forum Absolute Return Fund. In17 December 2015 MK Group acquired Agricultural Combine (PIK) Bečej for 45.5 million EUR.

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
The operating company was founded in 1959 with the merger of a few agricultural and industrial enterprises, accordingly was operational before the new investor arrival.