ADM Nutrition Holding, formerly known as Victoria Group ( sr-cyr, Викторија Група), was a Serbian
holding company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
with the headquarters in
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. It was a majority owner by
Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...
-based
ADM Europe. The company had a total of 15 companies within its holding, which performs a variety of services, mainly
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 ...
and
wholesale
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In ...
.
History
ADM Nutrition Holding was founded on 8 November 2001 in
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 ...
,
FR Yugoslavia
The State Union of Serbia and Montenegro or simply Serbia and Montenegro, known until 2003 as the Federal Republic of Yugoslavia and commonly referred to as FR Yugoslavia (FRY) or simply Yugoslavia, was a country in Southeast Europe locate ...
, under name Victoria Group, by Serbian businessmen Stanko Popović, Milija Babović and Zoran Mitrović.
Since 2015, ADM Nutrition Holding began accumulating debt, finishing 2015 and 2016 calendar year, with total net loss in range of 50 million euros. 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.
In July 2018, it was announced that Serbian holding company
MK Group
MK (Serbian Cyrillic alphabet, Serbian Cyrillic: МК Група) is a Serbian holding company which operates in the agriculture, banking, and tourism sector. The company was established in 1991, and has since expanded its business operations acr ...
has bought the majority of shares of then-indebted Victoria Group.
On November 22, 2021, MK Group, together with Milija Babović and Apsara limited, sold 100% of shares to
ADM Europe for undisclosed amount.
Market and financial data
ADM Nutrition Holding 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
Sojaprotein (full legal name: ''Sojaprotein a.d. za preradu soje Bečej'') is a Serbian agribusiness company that produces soy-based products. It is headquartered in Bečej, Serbia. It is majority owned by ADM Europe. Sojaprotein processes excl ...
and Victoriaoil.
Subsidiaries
This is a list of subsidiary companies of former Victoria Group (as of 27 January 2018):
* Victoria Logistic d.o.o.
* Victoriaoil a.d.
*
Sojaprotein
Sojaprotein (full legal name: ''Sojaprotein a.d. za preradu soje Bečej'') is a Serbian agribusiness company that produces soy-based products. It is headquartered in Bečej, Serbia. It is majority owned by ADM Europe. Sojaprotein processes excl ...
a.d.
* SP Laboratorija a.d.
* Fertil d.o.o.
* Luka Bačka Palanka d.o.o.
* Veterinarski zavod a.d. Subotica
* Victoria Phosphate d.o.o.
* Vobex Intersoja
* Victoria Food d.o.o.
* Activex d.o.o.
* Živinarstvo promet d.o.o.
* Victoria Starch d.o.o.
* Ribotex d.o.o.
* Agrofamily d.o.o.
See also
*
Agriculture in Serbia
Agriculture in Serbia is an important sector of the Economy of Serbia comprising 6.0% of GDP and is valued at 2.416 billion euros (as of 2017).
There is a total of 3,475,894 hectares of used arable land in Serbia, comprising 67.12% of total ar ...
References
External links
*
2018 mergers and acquisitions
Agriculture companies of Serbia
Companies based in Belgrade
Conglomerate companies of Serbia
Holding companies established in 2001
Holding companies of Serbia
Serbian companies established in 2001
{{Serbia-company-stub