PKB Corporation () is a

Serbian Serbian may refer to: * Pertaining to Serbia in Southeast Europe; in particular **Serbs, a South Slavic ethnic group native to the Balkans ** Serbian language ** Serbian culture **Demographics of Serbia, includes other ethnic groups within the co ...

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit ...

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members ...

. It is headquartered in

Padinska Skela Padinska Skela ( sr-Cyrl, Падинска Скела), or colloquially Padinjak (), is a suburban settlement of Belgrade, the capital of Serbia. It is located in the Belgrade's municipality of Palilula. Location Padinska Skela is located in the ...

Belgrade Belgrade is the Capital city, capital and List of cities in Serbia, largest city of Serbia. It is located at the confluence of the Sava and Danube rivers and at the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. T ...

, Serbia.

Name

The company uses shortened name PKB Corporation as an

abbreviation An abbreviation () is a shortened form of a word or phrase, by any method including shortening (linguistics), shortening, contraction (grammar), contraction, initialism (which includes acronym), or crasis. An abbreviation may be a shortened for ...

of the ''Poljoprivredni Kombinat Beograd'' ( sr-cyr, Пољопривредни Комбинат Београд, "Agricultural Combine Belgrade").

History

PKB Corporation was founded on 27 December 1945, with headquarters in

PR Serbia The Socialist Republic of Serbia ( sh-Cyrl-Latn, separator=" / ", Социјалистичка Република Србија, Socijalistička Republika Srbija), previously known as the People's Republic of Serbia ( sh-Cyrl-Latn, separator=" / " ...

FPR Yugoslavia The Socialist Federal Republic of Yugoslavia (commonly abbreviated as SFRY or SFR Yugoslavia), known from 1945 to 1963 as the Federal People's Republic of Yugoslavia, commonly referred to as Socialist Yugoslavia or simply Yugoslavia, was a country ...

. It was the largest agribusiness company in the former Yugoslavia, offering a variety of services. At its peak it had 42,000 employees throughout former Yugoslavia. During the 2000s, PKB's large departments were privatized, most notably supermarket chain

Pekabeta Pekabeta was a Serbian supermarket chain. All of the "Pekabeta" stores were rebranded into "Mini Maxi" after the chain has been sold to Delta Holding. Now the whole Maxi supermarket chain is fully owned by Ahold Delhaize Koninklijke Ahold D ...

and food companies Imlek and

Frikom Frikom (full legal name: ''Industrija smrznute hrane Frikom d.o.o. Beograd'') is a Serbian maker of ice cream, which also sells frozen fruit, vegetables, fish, and pastries. History Frikom was established on 16 March 1976 in Belgrade, SFR Yugo ...

. In 2015, the

Government of Serbia The government of Serbia ( sr-cyrl, Влада Србије, Vlada Srbije), formally the Government of the Republic of Serbia ( sr-cyrl, Влада Републике Србије, Vlada Republike Srbije), commonly abbreviated to Serbian Governme ...

offered company for sale in public auction with the price of 154 million

euro The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...

s (51% of its assets); however the auction failed as nobody placed offers. In January 2018, it was announced that the Government of Serbia has agreed with the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

(IMF) to sell its stake in PKB Corporation until summer of 2018, in order to further consolidate its finances. In September 2018, the Government of Serbia accepted the sole bid of Al Dahra Serbia which was 105.05 million euros. On 4 October 2018, the contract between the parties was finalized and officially signed. According to the 2018 financial report, total equity stood at 227 million euros.

Organization

As of September 2016, PKB Corporation managed around 30,000 hectares of agriculture land (around 300 square kilometers). Around 23,000 hectares are owned by the

and 7,000 by PKB Corporation. Its total equity was parted in 9 unities (farmsteads), of which eight are located northern of the city area of Belgrade: Čenta, Dunavac, Pionir, Partizanski Prelaz, Padinska Skela, Lepušnica, Kovilovo, Mladost (northern of Belgrade city area) and 7. Juli is located southern of Belgrade's city area. Most of its production facilities and administration buildings are located in

Pančevački Rit Pančevački Rit ( sr-cyr, Панчевачки рит) is a small geographical area in south-western Banat, Serbia. It is situated between the rivers Danube and Tamiš, in Belgrade's municipality of Palilula. Features Its wetland was cons ...

(Padinska Skela), which is located 15 kilometers north of the Belgrade city center. As of September 2016, PKB Corporation had 9,000 dairy cows, 3,500 cattle, 6,000 pigs, 2,000 sheep and 30,000 lying hens. Of motorized equipment, it possessed 330 tractors, 35 harvesters, 90 loading machines and 1,370 connecting machines.

Subsidiaries

* Agricultural aviation PKB d.o.o. * PKB Green Energy d.o.o. * PKB Sirpak d.o.o. (in liquidation)

References

External links