Matijevic and Kostic withdraw from acquiring PKB

Serbian businessmen Miodrag Kostic, the proprietor of MK Group, and Petar Matijevic, the proprietor of the meat processing company Matijevic, have decided not to submit a joint bid for the acquisition of the Belgrade Agricultural Combine (PKB).

Matijevic said that the decision was made after the two businessmen realized that they were not strong enough competition to the companies which had already expressed interest in buying PKB, the biggest agricultural company in Serbia. Matijevic went on to say that the price at which PKB would be sold was not a problem.

“I don’t know whether they would increase the value of the company now that it is owned by the state instead of the City of Belgrade. The tender will be launched so it remains to be seen. Regardless of the price, our competitors would always outbid us”, Matijevic explains.

According to him, PKB is just one of a handful of Serbian companies worth acquiring.

To remind, Serbian Ministry of Economy has published a public invitation for investors to submit letters of interest regarding the privatization of the company and its subsidiaries, including the agricultural aviation, EKO-LAB, Agroekonomik, and a veterinary station. Prospective bidders have until 17th February to submit their letters of interest in acquiring the company.

The corporation owns 1,400 hectares of building land, and 5,200 hectares of arable land, and, along with its subsidiaries, it has around 2,000 employees.

So far, several Chinese companies and Al Dahra Corporation from the United Arab Emirates have expressed interest in acquiring PKB.

(Blic, 25.01.2017)

A small favour

Since 2013, Serbian Monitor has been offering to its readers carefully selected news about the Republic of Serbia, as a daily commitment stemming from the genuine desire to offer undistorted information about a country that is too often a victim of prejudice and superficiality. From November 2016, this service is available in English and Italian with a growing number of original articles with a goal of providing a complete picture of this Balkan country's economy, politics, culture and society. Our archive is completely free of charge, available to anyone who wants to get to know the country, to study its specific aspects, or to be constantly updated about it. This project will only be able to continue with the help of readers on whom we are calling to provide a small financial support so that we can continue supplying an increasingly expanding pool of information and original contributions. If you appreciate our work, please click on the button below.

This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top