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MK Group

Coordinates: 44°49′01″N 20°25′37.8″E / 44.81694°N 20.427167°E / 44.81694; 20.427167
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44°49′01″N 20°25′37.8″E / 44.81694°N 20.427167°E / 44.81694; 20.427167

MK Group
Native name
МК Група
Company typed.o.o.
IndustryHolding
Founded4 January 1995; 29 years ago (1995-01-04)
FounderMiodrag Kostić
Headquarters
Bulevar Arsenija Čarnojevića 59a, Belgrade
,
Serbia
Area served
Worldwide
Key people
Jovan Purar (Director)
Mihailo Janković (Director)
RevenueIncrease €380.11 million (2019)[1]
Decrease €19.10 million (2019)[1]
Total assetsIncrease €775.74 million (2019)[2]
Total equityIncrease €378.18 million (2019)[2]
OwnerWheat Corn Holding (100%)
Number of employees
2,365 (2019)
Websitewww.mkgroup.rs
Footnotes / references
Business ID: 08179107
Tax ID: 101696756 [3]

MK (Serbian Cyrillic: МК Група) is a Serbian holding company which operates in the agriculture, banking, and tourism sector. The company was established in 1991, and has since expanded its business operations across South East Europe with a special focus on 4 countries in the region: Serbia, Slovenia, Croatia and Montenegro.

History

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MK Group former logo

In 1983, Serbian economist and businessman Miodrag Kostić began a private business, initially as an owner of a private company for trade, import-export and manufacturing activities.[4] MK Group now operates in several countries: Serbia, Slovenia, Croatia and Montenegro.

Divisions

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Agribusiness

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Since 2000, MK Group has managed sugar industry factories (factories Pećinci, Vrbas, Kovačica), more than 10 agribusiness enterprises, trade and warehouse complexes ("Granex-port", "Žito Bačka").[5]

Sunoko, a subsidiary of MK Group, is one of the leading companies in sugar production both in Serbia and the region. In 2011, MK Group took over "Carnex" company (established in 1958), which produces meat and meat products.[4] In December 2015, MK Group took over PIK-Bečej for a sum of 45.5 million euros.[6]

Some of the most notable subsidiary companies are Carnex Vrbas (meat industry), Sunoko (sugar industry), Agroglobe (fertilizing and wholesale of agriculture products), PIK-Bečej (agribusiness) and others.[7] Most of its agribusiness is concentrated on the production and wholesale of the cereals – corn, wheat, sunflower and soybeans. 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.[citation needed]

From 2006 to 2017, it operated in Ukraine through Agro-Invest Ukraine, agribusiness company specialized in sunflower production and wholesale.[8] As of January 2016, Agro-Invest Ukraine managed nearly 30,000 hectares of agriculture land (around 300 square kilometers) in Ukraine.[9] In May 2017, Kernel Holding bought majority of its shares.

In June 2020, MK Group completed the process of acquisition of 67% of the shares of Victoria Group. With the integration of Victoria Group member companies, Sojaprotein, Victoria Oil, Victoria Logistic, Luka Bačka Palanka and VZS Stočna hrana, MK Group has acquired the status of majority owner, while the previous shareholders Milija Babović and Apsara Limited have remained minority owners.[10][11] The company was sold in November 2021 to ADM Europe.[12]

Banking

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MK Group, through its subsidiary company MK Commerce, founded BDD M&V Investments brokerage firm which operates on the Belgrade Stock Exchange. However, BDD M&V Investments with its subsidiaries is not a part of the holding. M&V Investments controls a large ownership share of AIK Banka (since 2014),[13] which later acquired and integrated another Serbian bank Jubanka in 2017.[14] As of 31 December 2017, AIK banka has total assets of 1.767 billion euros.

Also, as of December 2017, AIK Banka is a majority shareholder with 75.99% of the Slovenian bank Gorenjska Banka.[15][16] As of December 2017, Gorenjska banka controls 4.7% of Slovenian banking market share. In June 2019, AIK Banka fully took over the ownership of Gorenjska banka and thus successfully completed the takeover process in Slovenia.

Energy

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Apart from real estate, MK Group has invested in developing renewable energy sources, whereby MK Fintel Wind,[17] established in 2007, is one of the first companies in Serbia that have started green energy production using the wind-powered generators and solar panels.

Real estate

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MK Group also manages several real estate properties through its subsidiaries like "MK Mountain Resort".

In December 2008, MK Group bought from "Internacional CG" the Kopaonik-based hotels "Grand" and "Sunčani vrhovi" and other real estate properties for a sum of 23 million euros.[18]

Under auspices of "MK Mountain Resort" are the hotels "Grand" and "Angella" as well as the apartment complex "Konaci" and "Sunčani vrhovi" (all located on the Mountain Kopaonik). Hotel "Grand" is a home venue for the Serbian annual business conference Kopaonik Business Forum. Also, "Kempinski Palace" hotel in Portorož is operated by the MK Group. MK Group cooperates with world's famous hotel group Kempinski, and has invested in several real estate properties in Serbia and region. It also cooperates with another hotel group Sheraton Hotels and Resorts, and has invested in hotel located in Novi Sad.[19]

In November 2017, "Istrian hotels", a subsidiary of MK Group, took over "Skiper Resort" hotel complex located in Istria.[20] In February 2018, MK Group increased its ownership stake in the third largest Slovenian civil airport Portorož and is today the majority stake holder.[21]

In June 2020, MK Group acquired the Slovenian branch of Heta Asset Resolution. At the end of 2019, MK Group was selected as the best bidder in the tender, and with the official approval of the Public Agency of the Republic of Slovenia for Protection of Competition and the approvals of the Competition Protection Commissions of Serbia and Montenegro, formal requests for payment and purchase were met.

See also

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References

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  1. ^ a b "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2019) - MK Group". apr.gov.rs (in Serbian). Retrieved 30 January 2021.
  2. ^ a b "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2019) - MK Group". apr.gov.rs (in Serbian). Retrieved 30 January 2021.
  3. ^ "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 24 February 2018.
  4. ^ a b "ISTORIJA POSLOVANJA". mkgroup.rs (in Serbian). Retrieved 3 January 2018.
  5. ^ "MK Group chief says 4 sugar factories in Serbia are enough - report". seenews.com. Retrieved 2023-01-21.
  6. ^ "MK Grupa kupila PIK Bečej za 45,5 miliona evra". blic.rs (in Serbian). Tanjug. 17 December 2015. Retrieved 18 January 2018.
  7. ^ "MK Grupa najveći izvoznik hrane iz Srbije". n1info.com (in Serbian). Beta. 6 September 2017. Retrieved 3 January 2018.
  8. ^ R., E. (4 May 2017). "Miodrag Kostić ide iz Ukrajine?". novosti.rs (in Serbian). Retrieved 3 January 2018.
  9. ^ Lakić, Suzana (24 January 2016). "ISTRAŽUJEMO Oni su gazde srpske zemlje". blic.rs (in Serbian). Retrieved 18 January 2018.
  10. ^ Subin, J.; Stojaković, D. (9 July 2018). "Kostić kupio "Viktorija grupu"!". novosti.rs (in Serbian). Retrieved 9 July 2018.
  11. ^ "Kostić kupio Viktorija grupu". b92.net (in Serbian). 9 July 2018. Retrieved 9 July 2018.
  12. ^ "Komisija odobrila prodaju". b92.net (in Serbian). Tanjug. 22 November 2021. Retrieved 1 December 2021.
  13. ^ "Kostić kupio AIK banku". politika.rs (in Serbian). 27 February 2014. Retrieved 3 January 2018.
  14. ^ "AIK Banka kupila Alpha Banku, vraća se ime Jubanka". bif.rs (in Serbian). 3 January 2018. Retrieved 17 November 2017.
  15. ^ "Sava to sell its stake in Gorenjska Banka to Serbia's AIK -report". reuters.com. Reuters. 13 December 2017. Retrieved 3 January 2018.
  16. ^ "Kostić će za Gorenjsku banku platiti čak 80 milijuna eura". poslovni.hr (in Croatian). 17 December 2017. Retrieved 4 January 2018.
  17. ^ "MK Fintel Wind". MK Group. MK Group. Retrieved 29 July 2015.
  18. ^ "Kostić kupio Grand i Konake za 23 miliona evra". blic.rs (in Serbian). Beta. 26 December 2008. Retrieved 18 January 2018.
  19. ^ "U novembru otvaranje "Šeratona" u Novom Sadu" (in Serbian). Beta. 24 August 2018. Retrieved 4 January 2018.
  20. ^ ""MK grupa" preuzela luksuzni hotelski kompleks u Istri". blic.rs (in Serbian). Tanjug. 17 November 2017. Retrieved 4 January 2018.
  21. ^ "Kostić kupio još 7,8 posto akcija aerodroma Portorož". novosti.rs (in Serbian). Tanjug. 26 February 2018. Retrieved 12 March 2018.
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