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JPM Advises on MK Group's Acquisition of Majority Stake in Victoria Group

JPM Advises on MK Group's Acquisition of Majority Stake in Victoria Group

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JPM Jankovic Popovic Mitic has advised sellers Milija Babovic and Apsara on the sale of a 67% stake in the Victoria Group to the MK Group.

The MK Group is a Serbian holding company with more than 30 companies performing a variety of services in the agribusiness, wholesale, real estate, and banking sectors. Victoria Group JSC is a Serbian exporter in the agro-food sector, exporting products to more than 50 countries on five continents with 80% of the export for European Union. The sellers Milija Babovic and Cyprus-based Apsara remain shareholders of the Victoria Group with 16.5% of shares each.

MK Group Financial Director Andrija Vukovic said that "the rich experience, stability of the business, and the company’s strategic guidance towards the implementation of the latest agricultural trends would contribute to further strengthening and growth of the Victoria Group. We are aware of the relevance of the MK group’s capacities and experience and the Victoria Group, and we are looking forward to future business ventures."

“We continue our cooperation with our partners and co-operators," said Stefan Babovic, the Victoria Group's Executive Director. "I am very glad that the acquisition process is over and that in the next period we will be able to concentrate on the further development of business performance, with great assistance from the regional leader, as is the MK group."

JPM's team included Senior Partner Nenad Popovic and Senior Associate Bojana Javoric.


JPM Jankovic Popovic Mitic at a Glance

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

Firm's website: http://jpm.rs/