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)

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