Victoria Group | |
Native Name: | Викторија Група |
Native Name Lang: | sr |
Type: | Joint-stock company |
Industry: | Holding |
Location City: | Bulevar Mihajla Pupina 115, Belgrade |
Location Country: | Serbia |
Area Served: | Serbia |
Key People: | Jake McCammack Emmanuel Ayuk |
Revenue: | €166.68 million [1] |
Assets: | €212.39 million [2] |
Equity: | €57.43 million |
Owner: | Archer-Daniels-Midland Europe |
Num Employees: | 997 |
Subsid: | Subsidiaries |
Footnotes: | [3] |
Victoria Group (Serbian: Викторија Група) is a Serbian holding company with the headquarters in Belgrade, Serbia. It is a majority owner by Netherlands-based ADM Europe. Victoria Group has a total of 15 companies within its holding, which performs a variety of services, mainly agribusiness and wholesale.
Victoria Group was founded on 8 November 2001 in Belgrade, FR Yugoslavia, by Serbian businessmen Stanko Popović, Milija Babović and Zoran Mitrović.[4]
Since 2015, Victoria Group began accumulating debt, finishing 2015 and 2016 calendar year, with total net loss in range of 50 million euros.[5] In November 2017, company's management confirmed media reports that it is seeking strategic partnership with investors due to capital loss over last years and over-indebtedness of the company.[6]
In July 2018, it was announced that Serbian holding company MK Group has bought the majority of shares of indebted Victoria Group.[7] [8]
On November 22, 2021, MK Group, together with Milija Babović and Apsara limited, sold 100% of shares to ADM Europe for undisclosed amount.[9]
Victoria Group was ranked as the third net exporter company of Serbia and first in food-processing sector for the calendar year of 2015, mainly though its subsidiary companies Sojaprotein and Victoriaoil.[10]
This is a list of subsidiary companies of Victoria Group:[11]