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.