Victoria Group Explained

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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.

History

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]

Market and financial data

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]

Subsidiaries

This is a list of subsidiary companies of Victoria Group:[11]

See also

Notes and References

  1. Web site: КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2020) - Victoria Group. apr.gov.rs. 1 December 2021. sr.
  2. Web site: КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2020) - Victoria Group. apr.gov.rs. 1 December 2021. sr.
  3. Web site: Основни подаци о привредном друштву. apr.gov.rs. Serbian Business Registers Agency. 28 February 2018. sr.
  4. Web site: Victoria Group A.D. Beograd Company Profile - Serbia Financials & Key Executives EMIS . 2023-01-21 . www.emis.com.
  5. News: Veliki sistemi nastavili da dobro zarađuju. 27 January 2018. novosti.rs. 21 December 2017. sr.
  6. News: Viktorija grupa razmatra ponude za strateška partnerstva. 27 January 2018. beta.rs. Beta. 23 November 2017. sr.
  7. News: Subin . J. . Stojaković . D. . Kostić kupio "Viktorija grupu"! . 9 July 2018 . novosti.rs . 9 July 2018 . sr.
  8. News: Kostić kupio Viktorija grupu . 9 July 2018 . b92.net . 9 July 2018 . sr.
  9. News: Komisija odobrila prodaju . 1 December 2021 . b92.net . Tanjug . 22 November 2021 . Serbian.
  10. News: Viktorija grupa sa svojim kompanijama "Sojaprotein" i "Viktorijaoil" treći neto izvoznik Srbije. 27 January 2018. blic.rs. 4 December 2016. sr.
  11. Web site: O NAMA. victoriagroup.rs. 15 November 2012. 27 January 2018. sr.