Dutch Royal Agrifirm Group plans to invest €30 million in Serbia

Dutch Royal Agrifirm Group, one of the largest fodder manufacturers in Europe, acquired 35% of Serbia's local company Sto Posto and now plans to invest €30 million in it over the next three years. The acquisition agreement was signed by the representatives of Agrifirm...

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Dutch Royal Agrifirm Group plans to invest €30 million in Serbia



Balkans.com Business News Correspondent - 17.09.2013

Dutch Royal Agrifirm Group, one of the largest fodder manufacturers in Europe, acquired 35% of Serbia's local company Sto Posto and now plans to invest €30 million in it over the next three years. The acquisition agreement was signed by the representatives of Agrifirm Group and Nuscience, Ton Loman and Patrick Kereman and Sto Posto's majority owner Zoran Vukadinovic. The signing was attended by the Serbian President Tomislav Nikolic.
President of Agrifirm Group Ton Loman explained that cooperative gathering 18,000 Dutch farmers generated annual net revenues of about €2.4 billlion. “We are leaders in the market of the Netherlands, and we want to strengthen our position not only in our country, but also outside Holland”, Loman said. He also stressed that they had picked Serbia as the investment destination because it had an excellent potential in the agricultural sector, underlining that the Sto Posto company was a partner on a high professional level. A specialized company within Agrifirm, Nuscience, simultaneously became a majority owner of the local manufacturer of vitamin and mineral mixtures for animal feeding, the Novi Mix company, acquiring a 51-stake in the company. SIEPA


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